This week’s data all flashed signs of an economy slowly gearing down.
Both ISM indicators signaled contraction, while revisions to prior month’s payrolls gains and an uptick in the unemployment rate show the labor market continues to cool. All eyes will now be focused on next week’s Consumer Price Index report to see just how much this apparent slowdown is translating to the Fed’s goal.If you are having trouble viewing the Weekly Bottom Line below, please click here.
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