Incoming Data Points To An Economic Slowdown: Fed Behind The Curve
1. Equity markets showed resilience despite Middle East hostilities. 2. Retail sales fell 0.9% in May, indicating cautious consumer behavior. 3. Industrial production and housing starts also showed significant declines. 4. Increasing delinquencies and student loan payments may hinder economic growth. 5. The Fed’s tight policy amidst softening signals suggests limited market upside.