Starts and existing home sales improved in July, jobless claims are increasing in August, and the Fed is getting closer to cutting rates again. Here is a roundup of key economic indicators that are driving our economy. RESIDENTIAL CONSTRUCTION trends…
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer…
Retail sales remained strong in July, even though core inflation reaccelerated, but higher inflation expectations are weighing on consumer sentiment. The initial retail sales report for July saw a slightly slower-than-expected growth in sales, but June’s sales were revised higher. Retail…
The pace of new and used auto sales picked up as prices declined slightly and credit loosened, while loan performance was mixed. New light-vehicle sales increased 6.6% year over year in July, with one more selling day than July 2024. Large…
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer…
Hiring stalls out, inflation ticks up, but real consumer spending remains positive The first estimate of second-quarter real GDP growth showed a sharp rebound as seasonally adjusted annualized growth was 3.0% following a decline of 0.5% in the prior quarter.…
The Federal Reserve left monetary policy unchanged today at the conclusion of its fifth scheduled Federal Open Market Committee (FOMC) meeting of 2025, which represented the fifth straight no-change decision. The policy statement and commentary from Fed Chair Jerome Powell…
Key Highlights: Home Sales This week was a light week for important economic data releases, with primarily June data on home sales, which unsurprisingly indicated little change in trend on a down market. With existing home sales decreasing and new…
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer…
Key Highlights: Inflation Inflation accelerated in June, with the headline Consumer Price Index (CPI) up 2.7% year over year. The CPI data reflects early signs of inflation reacceleration tied to tariffs. Retail Sales Retail sales grew more than expected in…
