Housing is still very strong. We are seeing some strong auto sales. The company is expected to show a profit of 15 cents a share. Stores shares rose 4.8 percent after the firm posted a first-quarter profit from operations of 42 cents a share, beating the street. Consumer spending has stayed strong despite signs of a slowdown.
Unemployment is up, payrolls are down and manufacturing is struggling.
Signs of inflation would auger against another Fed rate cut when it meets in June. MMI Viacom Internet Services Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press and Reuters Limited and contributed to this report. CBS Worldwide Inc. All Rights Reserved.