In a week where the yield curve momentarily inverted, economic data pointed in different directions.
Mixed Data as a Curve Inverts: August 12 – 16
Mixed Inflation Numbers: July 8 – 12
Core consumer prices rose, but core wholesale prices did not.
Retail Sales Improve, Job Openings Remain at (Near) Record Levels: June 10 – 14
The retail picture improved while employers continue to struggle filling open positions.
What We Learned About the U.S. Economy Last Week 