We Were Economic First Responders: The Podcast

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $55.9 billion in April, down $0.7 billion from $56.6 billion in March, revised.

Existing home sales increased 3.2% in May to a seasonally adjusted annual rate of 4.17 million. Month-over-month and year-over-year sales increased 3.2%.

The NFIB Small Business Optimism Index fell 0.6 points in May to 95.3, remaining below its 52-year average of 98. The Uncertainty Index rose three points from April to 91, remaining well above its historical average of 68.

Consumer household inflation expectations in May decreased at the short-term horizon and remained unchanged at the medium- and longer-term horizons, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.

Harrison Barnes, whose San Antonio Spurs are competing in the NBA Finals this week, translates success from basketball to banking.

Consumer credit increased at a seasonally adjusted annual rate of 4.8% in April.