Jul
18

June Jumble

June retail sales rose a surprising 0.4% and are probably running at their best sustained pace in five years! June manufacturing activity rose a solid 0.4%, June job growth was excellent, and the trade wars are calming down. All this suggests an interest rate cut isn’t necessary. But housing starts and permits remain anemic at best and architectural inquiries hit a decade low! A one-quarter point cut is reasonable!

Share This Post
Facebook Twitter Email

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.