Robert Hughes

Consumer Confidence Falls in September

Consumer attitudes were off but still generally upbeat in September, supported by a strong labor market. Incoherent policies and on-going trade wars could hurt attitudes and consumer spending in the future.

Jobs Report Sends Mixed Signals

U.S. private payrolls added just 96,000 jobs in August, raising concerns about the strength of the labor market and durability of the economic expansion. Erratic and unpredictable policy remain the biggest risks.

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ISM Surveys Suggest Diverging Paths

The ISM’s nonmanufacturing index rebounded in August, countering the weak results from the manufacturing report. However, erratic and unpredictable policies are keeping risks elevated.

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