ISM data this week slipped below the closely watched 50 level but shouldn't cause much concern.
Wage and income growth should drive consumption higher in the months ahead.
A closer look at the data suggests inflation pressures are building faster than many had expected.
Better consumer incomes and employment prospects, along with low inflation, should keep the consumer and housing sectors moving upward, even in the face of a soft world economy.
Given stock market volatility, continued negative headlines out of China, and uncertainty over interest rates, one might rightfully expect consumers to be panicking. They are not.
We're bumping up our 2015 GDP forecast, but demographics will continue to weigh in the longer term.
The dawdling isn't helping business confidence or the U.S. stock market.
At this point, we wish it would just get on with the show.
There's a real shot the U.S. could grow faster than 2.0%-2.5% in 2015.
The quality and size of the second-quarter GDP upgrade was far better than anyone could have hoped for.
Ongoing China concerns were the proximate cause of this week's market decimation, but what do they really mean for the U.S.?
Given the slowing worldwide economy, all eyes were on this week's U.S. retail sales report, which was excellent.
After July's boring jobs data, the unpredictable August report remains the last major impediment to a September rate hike.
The central bank's July release seems to leave the door wide-open for a rate increase--or maybe not.
There was a surge in permits, but under closer scrutiny the data shows that multifamily activity drove the majority of growth in June.
What matters more, the Chinese stock market decline or the potential for Greece's exit from the eurozone?
Most reports this week showed an economy that continues to trudge along with no real acceleration or deceleration.
Corporations have become so focused on conserving capital that long-term growth prospects are diminished.
Existing- and new home sales were both better than expected, and durable goods orders, ex-transportation, were up.
The U.S. economic data isn't hanging together in a nice neat package.
Investors got the Goldilocks retail sales report that they had hoped for--not too weak and not too strong.
The suddenly positive economic news was a bit of a shocker for investors this week.
The first-quarter GDP contraction is not indicative of the economy's underlying strength and should snap back to growth mode in the second quarter.
The current run of tame inflation will likely end by the end of the year.
April's job gains were strong enough to keep a rate increase on the table for September but weak enough that a June increase looks highly unlikely.
Seasonal factors and weather have confounded economists who favor the quarter-over-quarter growth methodology.
While Friday's headlines out of China were bad news for market performance and speculators, it's not an economic or financial system train wreck.
Next week's data will provide some important clues.
Sluggish consumption growth and falling net exports could be big headwinds on GDP this quarter.
U.S. real GDP growth in 2015 will likely fall in the 2.0%-2.5% range yet again, but labor tightness is building.
After Fed comments sent stocks soaring last week, economic realities began to settle in.