The Weekly Bottom Line: Fed Gearing Up for Another (Likely Final) Hike

<p>U.S. Highlights Retail sales disappointed market expectations overall in June, but underneath the surface sales in the control group, which are used to calculate consumption, were much stronger, rising 0.6% on the month. Elevated mortgage rates and low inventories continue to weigh on existing home sales. The latter resumed their downward trend in June. Housing […]</p>
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