Overview

• Tariff collections have exceeded $100 billion since January with projections to reach $300 billion by December.
• June retail sales rose 0.6% from May and 3.5% year-on-year, topping economists’ expectations.
• Weekly jobless claims fell by 7,000 to 221,000 for the week ending July 12, marking a fifth consecutive decline.
• The Consumer Price Index climbed 2.7% annually in June, its strongest increase since February but still below early forecasts.
• U.S. stock indices hit record highs in mid-July, reflecting elevated investor confidence.