The Monday Mix: Aug. 8 – 14, 2022

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Top-of-mind economic headlines as we start the week:

U.S. consumer prices were essentially flat in July (-0.02%) vs. a 1.3% rise in June, as the drop in gas prices offset gains in the cost of food and shelter.

U.S. wholesale prices fell in July (-0.5%) for the first time in two years, as the drop in gas prices slowed the rate of inflation.

U.S. consumer sentiment improved slightly in July after hitting an all-time low in June, driven by improving expectations among low- and middle-income households.

Chinese retail sales and industrial production were much lower than expected in July, indicating underlying economic weakness.

Chicago intends to power all city operations with renewable energy within three years – including all city buildings, airports, and streetlights.

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