In a week where the yield curve momentarily inverted, economic data pointed in different directions.
Mixed Data as a Curve Inverts: August 12 – 16
Consumers Went Shopping in June: July 15 – 19
Retail sales accelerated, but overall economic activity slowed in June.
Solid Consumer Spending, Inflation Under Target: June 24 – 28
Consumer spending held firm in May.
What We Learned About the U.S. Economy Last Week 