U.S.: That Lazy Summer Could Mean A Lively Winter
Consumer confidence jumps. Durable goods orders plunge. New home sales surge. The purchasing managers' index falls. For two months now, the economic data have yo-yoed from one extreme to the other. The results have been volatile markets, tentative policymakers, and a debate among economists that just won't die: Is the economy slowing enough to quell worries about inflation and interest rates, or isn't it?
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