High rates, cautious consumers driving insolvency trends
Rate cuts on tap this year, although size and timing remain data driven
Jobless claims for the week ending May 25 rose by 3,000 to 219,000, up from 216,000 the week before
Consumer spending also rose in the last quarter, but at a slower pace than previously thought
Cost of latest trade salvo is low, but it escalates tensions, Moody's says
However, ranks of unemployed women grew in the month
The Fed will take its time to find out
Protectionism has negative implications for output, employment and inflation
The resilient strength of the job market and overall economy has kept inflation above the Fed’s 2% target
U.S. employers added 303,000 jobs last month, an example of the U.S. economy’s resilience