Johnson Redbook retail sales posted another strong gain in week ended June 13, rising +9.4% vs. +9.0% prior … index has been running hot in the 8-9% range for the past six weeks
May pending homes increased +3.8% m/m vs. +0.3% prior … contract signings rose regionally led by Northeast +8.7%, followed by Midwest +8.1%, South +1.0% and West +0.1%
According to June SEP (summary of economic projections), number of FOMC participants reporting downside risks to GDP growth plunged to 5 vs. 14 in March