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.
Consumers Went Shopping in June: July 15 – 19
Retail sales accelerated, but overall economic activity slowed in June.
What We Learned About the U.S. Economy Last Week 