Category: Economic Commentary July 2022 | Economic Commentary From Richard Moody, Regions Chief Economist By Richard Moody | July 1, 2022 Economic commentary issued in July 2022, primarily analyzing data and economic indicators covering June 2022 – while also looking ahead to upcoming data releases. Check back often for new insights. Q2 Employment Cost Index: Labor Cost Pressures Not Letting Up Yet June Personal Income/Spending: Spending Growth On A Weaker Trajectory Q2 Real GDP: Whatever You Want To Call It, It Isn’t Good… June Nonfarm Employment: Regions Footprint June New Home Sales: Downward Revisions Add Insult To Injury Economic Preview for the week of July 25 Unemployment Insurance Claims: U.S. and Regions Footprint June Existing Home Sales: Still More Room To The Downside June Residential Construction: Single Family Moderates, Multi-family Picks Up Economic Preview for the week of July 18 June Retail Sales: Goods Spending Holds Up, With Help From Higher Prices June Consumer Price Index: We Expected Bad, We Got Even Worse Economic Preview for the week of July 11 Monthly Economic Outlook – July 2022 June Employment Report: Headline Beat, Details A Mixed Bag Economic Preview for the week of July 4 June ISM Manufacturing Index: Decline In Orders Sends A Warning