What We Learned About the U.S. Economy Last Week
Weekly Economic Update: A brief, non-technical review of the previous week's U.S. economic data releases by Kevin A. Roth, PhD
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.
May was the worst month for job creation since the summer of 2010. Meanwhile, consumers were spending their increased disposable income.
The Fed does not make a move again as Q1 economic growth disappoints.
