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🇺🇸Consumer spending caution after pre-tariff spree 🛒Consumer spend +0.2% 🟠Inflation-adj +0.1% 💵Disposable income +0.8% ✅Inflation-adj +0.7% 🏦Precautionary? Savings: 4.9% (+0.6pt) 📉PCE #inflation: near Fed 🎯 ✅Headline: 2.1% y/y (-0.2pt) ✅Core: 2.5% y/y (-0.2pt)

Tariffs had begun to take hold, but their full impact has yet to materialize. Consumer spending was subdued in April, hinting at the demand destruction ahead Inflation dynamics point to a nearly realized soft landing but a summer #tariff storm is brewing linkedin.com/posts/gregoryd…

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Wonderful ⁦Ben Harper⁩ ⁦Innocent Criminal⁩ concert at ⁦The Rooftop at Pier 17⁩ ! What a setting 🌆🫶

Early adoption of AI will boost US growth via Financial Times on.ft.com/4jt0gU0

Influential economist Stanley Fischer dies via Financial Times on.ft.com/3T0uxyu

linkedin.com/posts/gregoryd…

bloomberg.com/news/articles/…

#Manufacturing was supposed to be the industry that benefited restrictive trade policies, yet purchasing managers see it very differently... "Raising hell" "Chaos" "Disruptions rivaling that of COVID-19" "Whiplash"