Market Commentary

Overall, the data suggests the economy is entering a more balanced phase. Inflation appears to be stabilizing, with price pressures no longer accelerating, while signs of labor market softening are beginning to emerge.

Last week was pivotal for labor market data, with several key reports shaping investor sentiment. Markets also digested fresh survey data as participants assessed the economic outlook.

Last week began with a focus on the housing market, where housing starts for July exceeded expectations, reaching 1.428 million new construction starts.