The bloom is off the labor market, while inflation has remained moderate.
Hiring and Inflation Held Steady: December 7 – 11
Slowing Everywhere: November 30 – December 4
Hiring, factory orders, and business activity all have been decelerating this fall.
Spending Gains, Sentiment Wobbles: November 23 – 27
Personal spending strengthened while income fell.
What We Learned About the U.S. Economy Last Week 