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Supply-chain risks prompting a rush of activity and greater price pressures.
Still painting a subdued picture of the main street economy.
The recent resilience in consumers’ spending probably is on borrowed time.
Spending growth probably still slowing, labor market still weak.
Early signs of a manufacturing margins squeeze.
Small business capex plans drop to a post-GFC low.
Further reason to expect a consumer slowdown.
Probably providing a false read on services inflation.
Underlying manufacturing output still looks anemic.
Encouraging signs, but an unreliable guide to the hard data.
Encouraging signs, but big headwinds remain.
Still pointing to a weaker labor market, but big recent revisions raise questions.
Probably overstating the labor market’s health.
Spending slowdown and further labor market weakness are likely.
Overstating the gloom, but a downbeat message nonetheless.
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