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Timely insights from the Economy, Strategy & Finance Center
Real consumer spending rose in July and inflation readings pointed to a gradual convergence to the Fed’s 2% target. Real disposable personal income growth grew modestly in the month, but savings rates remained very low, and interest payments on debt as a share of income remained elevated. Spending data at the onset of Q3 have been strong, but we remain concerned about the sustainability of this trend. Inflation data for July were consistent with the gradual deflationary narrative that has held over the course of the summer. We continue to expect the Fed to start cutting interest rates in September.
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PRESS RELEASE
LEI for Brazil Increased in May
June 13, 2025
PRESS RELEASE
The LEI for Germany Retreated in April
June 13, 2025
PRESS RELEASE
LEI for the UK Continued to Fall in April
June 12, 2025
PRESS RELEASE
LEI for Japan Retreated in April
June 11, 2025
PRESS RELEASE
LEI for Spain Rose in April
June 10, 2025
PRESS RELEASE
LEI for South Korea Increased in April
June 10, 2025
All release times displayed are Eastern Time
Global growth is expected to slow over the next decade relative to the prior ten years.
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