Latest Updates: Related to Inflation

Retail Sales Rebound as Consumers Increase Summer Spending

07/16/2021

Stronger-than-expected consumer spending during the month of June nudged bond yields higher this morning as a more robust economy may signal less need for an accommodative Fed. Retail sales climbed +0.6% last month to $621.3 billion, well above the -0.3% median forecast and +18.2% above pre-pandemic levels. Analysts had speculated that in the absence of additional government stimulus checks and with federal unemployment benefits expiring, spending would slow.

Download the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Powell’s Statement Offers Little Beyond Familiar Phrases

Home Prices Likely to Remain Under Pressure in 2022

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.