Consumer Spending Slows as Delta Surges and Stimulus Fades


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

Spring Housing Data Still Indicating a Hot Summer

Housing Starts Accelerate to Fill Severe Shortage of Homes

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