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US Service Sector Remains Robust, But Hiring Weakness Persists
Economic activity in the services sector continued to expand in July, with the Services PMI registering 54.1%, the 25th consecutive month in expansion territory, according to the Institute for Supply Management Services PMI Report.
That's consistent with 2.5% GDP growth, but they also suggest there is
U.S. GDP Disappoints, Inflation Softer Than Feared, Consumers Resiliant
The U.S. economy expanded at a slower-than-expected 1.5% annual rate in the second quarter. But a closer look show a resiliant consumer, continuing investment and softer-than-expected inflation numbers, all adding up to a further cooling in expectations the Federal Reserve Board will raise interest
Where the Bar Money Went
If you're wondering why sales for alcoholic beverages seem weaker his year than last, the Democrats on the Joint Economic Committee offer an answer: "Americans have now paid $56.4 billion more for gas since start of Iran War."
Money spent of gas is money not