Overall, the data portrays an economy that is still growing but at a slower pace. The services sector is barely expanding, the labor market is stable but showing signs of cooling, and inflation remains moderate yet above the Federal Reserve’s long-term target.
Markets closed the week on a turbulent note as investors digested a series of revised labor market reports and inflation data that painted a mixed picture of the U.S. economy.
Markets digested a mixed bag of economic data this week, with housing and sentiment indicators taking center stage. While some metrics pointed to resilience, others hinted at emerging cracks in consumer and business confidence.
This past week offered a wealth of economic data, with inflation and consumer strength emerging as the dominant themes. Markets responded positively to signs of easing inflationary pressures and continued resilience in consumer demand, two key factors shaping the outlook for monetary policy and economic growth.
Due to the holiday weekend, last week was relatively quiet on the economic front. However, a few key indicators stood out.