Gary Siegel

The University of Michigan's preliminary July consumer sentiment index reading was 89.5, compared to the final June 93.5, according to market sources.

Industrial production surged 0.6% in June, the Federal Reserve reported Friday.

The Empire State Manufacturing Survey showed "business activity flattened out for New York manufacturers," the Federal Reserve Bank of New York reported Friday, as the general business conditions index slipped to 0.55 in July from 6.01 in June.

The Federal Reserve must exercise patience while the Brexit fallout settles, Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis Lockhart said Thursday.

The federal government ran a $6.3 billion surplus in June, the Treasury Department reported Wednesday.

Modest expansion was reported by most of the 12 Federal Reserve Districts, according to the latest beige Book report, released Wednesday.

Labor market conditions were "little changed, while momentum accelerated modestly," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) increased to positive 0.015 in June from a revised negative 0.01 in May, according to the Bank.

Consumers decreased their expectations for one-year inflation but lifted their projections for three years out, according to the June Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

The Conference Board's Employment Trends Index (ETI) gained to 128.13 in June from a downwardly revised 126.42 in May, and is up 1.8% from a year ago, the group announced Monday.

Consumer credit increased by $18.6 billion in May to $3.624 trillion, the Federal Reserve reported Friday.

U.S. inflationary pressures were up in June, as the U.S. future inflation gauge gained to 111.4 from a revised 110.5 reading in May, according to data released Friday morning by the Economic Cycle Research Institute.

Newly issued Treasury securities held in stripped form increased about $7.389 billion in June to a total of $223.101 billion, the Bureau of the Public Debt reported Thursday.

Federal Reserve officials wanted to have more information before raising rates, and also see what happened with the Brexit vote, according to minutes of the Federal Open Market Committee meeting June 14-15.

The U.S. services sector expanded at a faster pace in June as the non-manufacturing business activity composite index was 56.5 in the month, compared to 52.9 in May, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

About 4,657,500 online job postings appeared on leading internet job boards in June, a decrease of 226,700 from May, the Conference Board reported Wednesday.

New orders for manufactured goods decreased 1.0% in May, after gaining a revised 1.8% in April, first reported as a 1.9% increase, the Commerce Department reported Tuesday.

New York City business activity "contracted in back-to-back months for the first time since the Great Recession," although the current business conditions index increased to 45.4 in June from 37.2 in May, the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.

Noting that waiting too long for a rate hike is as dangerous as acting too soon, Federal Reserve Bank of Cleveland President and Chief Executive Officer Loretta J. Mester said Friday her support of the Federal Open Market Committee's decision to hold rates at its last meeting was one of "timing" rather than a change in her outlook.

According to the ISM's monthly report on business, the ISM index increased to 53.2 in June from 51.3 in May.

The Chicago Purchasing Managers' Business Barometer soared to 56.8 in June from 49.3 in May, the National Association of Purchasing Management-Chicago said Thursday.