- July 23, 2021
- Posted by: Stratford Team
- Category: Business
BNY Mellon Wealth Management Head of equities Alicia Levine and Principal Financial Group Chief Strategist Seema Shah discuss consumers and the U.K. lifting restrictions.
U.S. economic growth faltered slightly in June compared with the previous month, according to new data released Thursday by the Federal Reserve Bank of Chicago.
The Chicago Fed National Activity Index, which measures overall economic activity and related inflationary pressure, fell to 0.09 in June from 0.26 in May. The index is comprised of 85 economic indicators drawn from four broad categories of data: production and income; employment, unemployment and hours; personal consumption and housing; and sales, orders and inventories.
In June, 40 of the 85 individual indicators deteriorated from May, while 45 made positive contributions to the index last month, the Chicago Fed said in a news release.
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