Revised down from 0.7% to 0.5%. Not bad, but not as good as originally reported. 

Inflation is heading the right way, but August was a hopefully temporary step backwards. 

Trade is, and always was, political, it’s just becoming more so.

Don’t be fooled by the false precision of hard data. The fact is, it’s all squishy. 

Monthly averages can be driven by wild moves that have nothing to do with what month it is. 

If you hear economists use the phrase, “It was a Goldilocks report,” please remember Baby Bear and that Goldilocks was a criminal.

The swing from spending on services to goods during COVID and then back towards services may be petering out.

The good news is that the Fed might feel like it can stop pumping the brakes on the economy.

People seem to be more skittish about just up and quitting. They’re holding onto jobs a bit more tightly than a year ago.

Unlike paying taxes where there is a deadline, the economy does not obey the clock.