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FAX ARCHIVE   July 2025
Date  Subject Descriptive Information
July 25 Slowing Travel with No Rebound For Vehicles and Housing Yet! Hotel Occupancy Crashes; No House Lookers;  Low Prices Fail To Tempt Home Buyers;  Housing no Longer in Shortage;  Data Uncertainty;  Housing, Vehicles Worse Than Our Forecast
July 18 MAYBE NOT AS GOOD AS IT LOOKS? Inflation Worries Recede, Others Rise;  Retail Sales Trends'. consumer Says "No" to Higher Prices;  States Employment Data Confirms slowing trend;   
Back to School Population Collapses;  The Housing Price Slowdown Begins 
July 12 WAS JUST STARTING TO LOOK BETTER -- NOW? Inflation Expectations Were Recovering;  Spending Expectations Stable to Down;  Less of a Boos From Credit;  Customs Duties;  Lower Prices Fail to Boost Spending

July 5 WAITING AND WATCHING Household Employment Captures Dynamics of Unemployment;  Payroll Employment Still overstates;  Labor Force Slowing Hurts Wages;  Social 
SecurityPayment Rise;  Spending Unlikely to Slow;  It's The Government's Fault


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