Economic data released during the week pointed to continued momentum in consumer spending alongside expansionary business activity, while select labor and inventory data suggested pockets of emerging pressure. Overall conditions reflected steady growth with mixed cross‑currents beneath the surface.
This week’s macro releases pointed to a still-resilient economy with pockets of persistent inflation, particularly at the producer level, alongside continued softness in housing activity.
Economic releases over the week reinforced the narrative of moderating growth amid persistent inflation pressures. In addition, the services sector showed continued cooling.
Economic data released last week reflected continued moderation across several areas of the U.S. economy, alongside persistent inflation pressures in select sectors.
It was a short and relatively light week for economic data, but the releases still provided a useful snapshot of the economy.
The U.S./Israel conflict with Iran has continued to cause significant volatility within markets, and given this, we felt it was important to provide an additional update.