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The U.S. economy showed signs of resilience in May as concerns over the global trade war mounted. The macroeconomic data indicated a growing divergence between “hard data,” reflecting actual economic activity, and “soft data,” reflecting general economic sentiment and the business outlook.
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Texas Economic Outlook | June 2025
The U.S. economy showed signs of resilience in May as concerns over the global trade war mounted. The macroeconomic data indicated a growing divergence between “hard data,” reflecting actual economic activity, and “soft data,” reflecting general economic sentiment and the business outlook.
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