McDonald's reported second-quarter U.S. sales growth of just 0.8%, about a third of what it posted a year ago. The fast-food giant also replaced the head of its U.S. operations.
In a recent speech at the New York Association for Business Economics, Fed Board Governor Christopher Waller spoke about the importance of “anchoring” inflation expectations.
With inflation trending down, and retail sales numbers edging up, the Federal Open Markets Committee is going into its late July meetings with fairly positive numbers.