Despite slumping 'hard' data, 'soft' survey data has been trending higher on a bed of soaring prices (well it must be demand), and supplier delivery delays (well it must be demand) providing any and all asset-gatherers and commission-rakers the ammo to confirm the recovery.
Growth in U.S. new vehicle retail sales for June is expected to be lower than the previous month, despite strong consumer demand, as supply constraints and chip shortages have led to lean inventories, consultants J.D. Power and LMC Automotive said on Friday.
Despite the serial disappointment in hard economic data, 'soft' survey data has continued to soar in 2021 but analysts expected today's Markit PMIs to retrace some of those gains.
Former President Trump will hold two rallies in June as he looks to capitalize on a series of crises engulfing President Joe Biden and lay down a marker for 2024, according to an adviser familiar with planning.
As the spike in migrant families crossing the border illegally grows, the Biden administration is planning to turn loose about 400 families a day by mid-June, according to a new report.
