Economic News

[nycfan]

 

[mpaer]

Thank Gawd Exon will be okay for a few weeks. I assume price at the pumps will jack tomorow

 

[Zoo_View]

Yea, the gay ones are better...

I love eggs in almost every form, other than adulterated with mayo.

Mayo in eggs?

Hurl.

Egg salad.

Hurl.

 

[nycfan]

Consumer sentiment swings sharply higher in June​

https://www.axios.com/2025/06/13/consumer-sentiment-economy-trump-june

“… It was the first improvement in six months, with a more upbeat economic outlook evident across all demographics and political groups.

…
By the university's measure, consumer sentiment is still roughly 20% below President Trump's post-election bump at the end of last year.

• Still, the survey is the latest indication that as tariff drama recedes, so do concerns about the broader economy among businesses and consumers.“

 

[superrific]

Sigh. The tariff drama has not receded. The price increases are coming. That reading is headed back down, I'd imagine.

The inflation readings make little sense unless the economy is in fact in a recession. I guess we'll see.

 

[DiehardHeelFan]

Wasn’t there a department that was concerned with the Administration editing/censoring/blocking financial reports they produced if they looked bad?

 

[heelinhell]

Consumer sentiment swings sharply higher in June​

https://www.axios.com/2025/06/13/consumer-sentiment-economy-trump-june

“… It was the first improvement in six months, with a more upbeat economic outlook evident across all demographics and political groups.

…
By the university's measure, consumer sentiment is still roughly 20% below President Trump's post-election bump at the end of last year.

• Still, the survey is the latest indication that as tariff drama recedes, so do concerns about the broader economy among businesses and consumers.“

I may be wrong but I'm guessing the upward swing is tied to 1 ) hey, I haven't seen a significant increase in prices at the gas pump or grocery store and 2 ) I see all these reports saying we are getting good trade deals which means tariffs will be no big deal.

I am more interested in seeing the consumer sentiment report that comes out in August which will give us a more clear reading both on the economic and geopolitical landscape.