Weekly Economic Snapshot: Strong Economy But Worried Consumers

Last week's economic data presented a sharp contradiction between a resilient U.S. economy and increasingly concerned American households. The S&P 500 fell for most of last week but recovered some of those losses following Friday's inflation report. A final estimate showed the U.S. economy posted a stronger than expected rebound in the second quarter, primarily driven by an increase in consumer spending. However, despite this strength, consumer sentiment dropped to a four-month low as households grew more c ...