Monthly Economic Review: August 2024
Economy more resilient than expected but on track for soft landing.
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Economy
Economy Still Growing, But Could be Slowing Enough for Fed to Lower Interest Rates This Year
The economy is still growing but appears to have slowed enough for the Fed to lower interest rates later this year.
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Census Retail Sales Data for June Shows Modest Gains
U.S. Census Bureau data shows modest retail sales gains in June despite uneven spending in recent months.
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CNBC/NRF Retail Monitor Reports Moderate Retail Sales Growth in June
Retail sales showed moderate growth in June amid a still-solid economy and near-zero inflation for retail goods.
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Focus on advancing growth amid discussions on tax reform
At a critical economic moment, let’s not undermine a fragile recovery by raising the corporate tax rate.
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