Latest Updates: Related to Inflation

Consumer Spending Slows as Delta Surges and Stimulus Fades

08/17/2021

Analysts had anticipated consumer spending would slow as stimulus checks were gradually spent. The expectation was that Americans would quickly return to work, and regular paychecks would pick up the slack. But, workers have been slow to return and the July Delta wave injected yet another dose of uncertainty. As a result, retail sales disappointed with a -1.1% drop in July, well below the -0.3% median forecast.

 

Download the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Fall Travel Plans on Hold Amid Fading Growth

Stocks and Bonds Slump on Determined Fed

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.