RESILIENCE REINFORCED
07/16/2026 |
June M-o-M retail sales rose solidly at 0.2% with May revised upwards, weekly first-time unemployment claims remain very low at 208,000, the July Philadelphia Fed Manufacturing Index soared to 41.4, and the Empire State Manufacturing Index jumped to 15.6. Add inflation that in May/June was listless, a Beige Book that’s decent, and Small Business Optimism that rose. All this points to continued economic resilience and no rate hike anytime soon.