On today’s Macrocast, Ylan, John Fagan, and Brendan are joined by John Dick of Civic Science. The group chats about the latest consumer data from the ESI, which indicates that consumers might be “coming back to reality” as some are trading down for purchase categories like going out to eat. Despite the decrease in the overall consumer sentiment in the ESI reading, the group notes that some retailers had very positive second quarter earnings calls.
Later in the episode, they also discuss the minutes from the latest FOMC meeting, the biggest challenges currently impacting China’s economy, and Secretary Yellen’s recent trip to China. You won’t want to miss this one!
Check out more information about the ESI and this week’s update here.
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