The Commerce Department says retail sales last month rose just a tenth of a percent last month; New York Fed Chair John Williams says the economy is moving in the right direction; another whistleblower for Boeing; a new poll shows about half of Americans say it’s extremely or very important for the government to provide debt relief for medical bills.
Stocks climb to new heights; The Justice Department sues Adobe; China launches a retaliatory investigation into European pork imports; Ultium workers ratify a new contract.
The New York Fed’s June Empire State Manufacturing Survey is out this morning; Minneapolis Fed President Neel Kashkari says predictions the Federal Reserve won’t cut interest rates until December are “reasonable;” the U.S. surgeon general calls for a warning label on social media; Disney estimates the new “Inside Out 2” film made $155 million.
Import prices in May fell 0.4%; U.S. manufacturers and labor group urge quicker China import tariffs; possible fake titanium used in Airbus, Boeing planes, The New York Times says.
The producer price index in May fell 0.2%; jobless claims rise to 10-month high, but still at a healthy level; Federal Reserve signals just one interest rate cut in 2024; G7 leaders agree to $50 billion Ukraine loan backed by Russian assets.
