Episode 7: Can we mention the R word?
- Consumer sentiment surged by almost 13% in July.
- The labor market remains resilient, with unemployment claims dropping to 228,000 in July.
- As of June, core retail sales – excluding automobiles – saw the smallest annual increase in three years.
- Sales for existing homes declined nearly 19% year-over-year as of June.
- The Conference Board's Leading Economic Index marked 15 months of decline, meaning 3rd quarter could be the start of a recession.
For more information on the state of the U.S. Economy, including forecasts, watch all the episodes of the Economy Express series.
