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Employees are feeling increasingly pessimistic about the country, their job, and their financial situation.

The dismissal of the lawsuit alleging JPMorgan Chase misused departing employees’ “forfeited” funds aligns with other federal judges’ rejections of the misuse claim under ERISA.

“The ‘Sell America’ narrative is an over-exaggeration, but we do expect slow and bumpy dollar depreciation.”

“Uncertainty about the economic outlook has diminished but remains elevated.”

Analysts worry that if the Fed cut rates to reduce government debt payments and then inflation reignited, bringing prices back under control again “might require a painful recession—which would lower nominal incomes and tax revenue, further aggravating the fiscal situation.”

Auto manufacturing rose nearly 5% in May, but overall production at factories, mines, and utilities fell 0.2%.

“At a certain point, we’re just going to send letters out. And I think you understand that, saying: ‘This is the deal, you can take it or leave it.’”

Tariffs will remain at their current rate indefinitely, and export controls will be eased, at least temporarily.