Week at a Glance – Hard Data Is Looking Incredibly Solid Into Very Soft Expectations
The slowdown in U.S. growth has so far been fairly isolated to trade and services data, which is why soft data has been weak while hard data hasn’t budged. When looking at domestic activity, the U.S. economy is still doing fine—for now. But is that something to cheer for?
The slowdown in U.S. growth has so far been fairly isolated to trade and services data, which is why soft data has been weak while hard data hasn’t budged. When looking at domestic activity, the U.S. economy is still doing fine—for now. But is that something to cheer for?
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