The Federal Reserve does not act again (although it is still expecting to do so in 2016) while manufacturing takes another break.
GDP Weak, Housing, Manufacturing & Sentiment Strengthen: What We Learned During the Week of May 23 – 27
Economic growth during the 1st 3 months of 2016 was abysmal, but last week also gave us good news on manufacturing, the housing market and consumer sentiment.
Existing Home Sales, Housing Starts Grow: What We Learned During the Week of May 16 – 20
Relatively speaking, last week featured solid if not particularly spectacular economic data on both housing and manufacturing.
