We get another small upward revision in Q1 GDP, we see that consumer spending grew in May, and we hear that June may have been a decent month for manufacturing.
Weak Jobs Report Clarifies Fed’s Likely June Path: What We Learned During the Week of May 30 – June 3
May was the worst month for job creation since the summer of 2010. Meanwhile, consumers were spending their increased disposable income.
Retail Sales Bloomed in April: What We Learned During the Week of May 9 – 13
April was a good month for retailers, employers continued to seek workers and producer prices firmed.
