"Cooling" of the US economy: ▸ Only 209,000 jobs entered the labor market in June, the lowest monthly increase since the decline in December 2020. ▸ US annual inflation slowed to 3% from 9.1% in the same month. a year earlier, bolstering hopes that the Fed's 2% target would be met. ▸ Although retail sales grew slower than expected in June, the data shows growth for the third consecutive month, another sign of a resilient consumer. ▸ JPMorgan Chase, BlackRock, Wells Fargo and Citigroup beat earnings expectations in the second quarter, which improved the picture of a potential soft landing.