Fading back to trend: Falling back:

And federal unemployment benefits expire in 2 weeks: Back to about where it was heading pre covid, way below last cycle and not where it

Still weak: Coming back slowly, but now oil prices are lower: Lots of spiky commodities like iron ore:

Not the kind of thing that happens when policy is ‘hyperinflationary’ as feared by many:

Retail sales jumped up with the Federal transfer payments and have more recently started to decline as transfer payments subsided. And the remaining Federal unemployment

Working its way lower: Inflation fears may be fading? Getting worse. I guess low rates aren’t the end all for housing… 😉

Steady improvement but still a ways to go: And this doesn’t look good: We’re spending more on net imports which is fundamentally a direct benefit

Not good. Analysts/politicians/voters expected more gains as Federal benefits expired: Not good: Not good: Typical bounce after the covid dip that followed the tariff decline,