Episode Details

This week, the Macrocast team is joined by frequent contributor John Dick of CivicScience for a read on the U.S. consumer heading into the fall. Sentiment bounced back after a steep prior decline and household financial health improved again, but the retail picture remains uneven: Walmart guided to its slowest same-store sales growth in years while Target surprised to the upside. 

The team discusses strong back-to-school spending, early holiday intentions, rising credit card balances among younger consumers, and how retailers may deploy tariff refunds into lower prices. The team closes with progress toward a U.S.-Canada tariff agreement and the week ahead: payroll revisions, GDP, core PCE, and NVIDIA earnings.

For more about the hosts, please see below: 

Forbes Tate Partners

Markets Policy Partners 

CivicScience