In a week where the yield curve momentarily inverted, economic data pointed in different directions.
Mixed Data as a Curve Inverts: August 12 – 16
Open Jobs Remained Open in June: August 5 – 9
Employers continued to seek workers, but producer prices and service sector growth both staggered.
Hiring Held Steady, The FOMC Did Not: July 29 – August 2
The Fed lowered its interest rate target even as the labor market continued to create jobs.
What We Learned About the U.S. Economy Last Week 