The government’s second-quarter GDP report scheduled for later this month is still on track to post a moderate recovery in output, based on the median estimate for a set of nowcasts compiled by CapitalSpectator.com.
Daily Archives: July 18, 2025
Macro Briefing: 18 July 2025
US retail sales rebounded in June after two straight monthly declines. “Don’t count the American consumer out yet,” Heather Long, chief economist at Navy Federal Credit Union, wrote in commentary. “There’s still a lot of trepidation about tariffs and likely price hikes, but consumers are willing to buy if they feel they can get a good deal.”
