Contrary to the popular view, we believe the data this week showed a stable if not weakening economy.
A minuscule cost-of-living adjustment will likely come despite healthcare inflation that continues to re-accelerate with a vengeance.
Slower overall employment growth, shrinking hours worked, and possible labor shortages could paint a relatively bleak picture.
Inventory levels explain most of the gap between this week's strong new-home sales and tired existing-home sales data.
Although the rate-hike guessing game will persist, factors bigger than the Fed are at play in the economy.
When the two reports diverge, it's often the employment report that gets it right.
A tough week for U.S. data means the Fed may find it hard to raise rates in September.
Despite all the angst, purchasing manager data suggests that things are not falling apart in Europe.
Data this week suggest the consumer is back in the saddle and inflation continues to worsen, but the Fed appears handcuffed.
Better economic data along with likely lower-for-longer interest rates propelled U.S. stocks higher this week.
While consumer spending growth has been stable, underlying category shifts have been notable.
This week's retail sales report suggests consumers are not in retreat, as some feared after May's dismal employment data.
The availability of enough workers may be the real problem behind the sluggish jobs report.
Employment growth had been running higher than fundamentals dictated since at least last fall.
Housing-related growth may be more sensitive to interest rates than we had previously believed.
Commodities and materials stocks dominate performance statistics
Two movies we have seen before.
Friday's retail sales report dispelled any notion that the consumer is afraid to spend, writes Morningstar's Bob Johnson.
Gains in hours worked and hourly wage rates offset some of the sting of slower employment growth.