Economic indicators

The Small Business Optimism Index posted its sixth highest reading in survey history for the month of June.

Consumer credit rose $24.56 billion in May to $3.898 trillion, the Federal Reserve reported.

Consumers’ inflation expectations held, but respondents’ optimism slid, according to a survey released by the Federal Reserve Bank of New York

The Conference Board's Employment Trends Index increased to 108.94 in June from 107.72 in May.

The U.S. trade deficit narrowed in May to its smallest since October 2016 on a jump in exports of soybeans and aircraft amid the threat of retaliatory tariffs.

U.S. hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market is still absorbing spare capacity.

The U.S. services sector expanded at a faster pace in June as the non-manufacturing index rose to 59.1 from 58.6 in May.

Initial claims U.S. state unemployment benefits rose by 3,000 to 231,000 in the June 30 week.

Private-sector employment increased by 177,000 in June, on a seasonally adjusted basis, ADP estimated Thursday.

New orders for manufactured goods increased 0.4% in May, after falling a revised 0.4% in April.

The New York economy continues to expand, as revenues rebounded in June.

Construction spending increased 0.4% in May, the Commerce Department said Monday, and is 4.5% above the May 2017 level.

According to the ISM's monthly report on business, the ISM index increased to 60.2 in June from 58.7 in May.

The University of Michigan's final June consumer sentiment index reading was 98.2.

The MNI Chicago Business Barometer rose 1.4 points to 64.1in June, up from 62.7 in May, hitting the highest level since January.

The data suggest inflation is not retreating, with the year/year rate for the core measure jumping up to 2.0% and the PCE price index rising to 2.3%.

The May Midwest Economy Index slipped to 0.51 from an upwardly revised 0.55 in April.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported stronger activity and optimism in June.

Initial jobless claims rose by 9,000 to 227,000 in the June 23 week, moving only slightly ahead of the tight range seen in recent weeks.

First quarter GDP growth was revised lower to a 2.0% annual rate from the 2.2% pace in the second estimate.