Vital Signs: A Soft Landing?

Economists expect a tepid rise in August payrolls, but wage gains should help consumers weather slower home price growth and higher gas prices. Also on tap: consumer confidence, personal income, and minutes from the Fed's Aug. 8 monetary policy meeting

Just how soft is the U.S. economy? The latest July data showing further deterioration in the housing market has elevated concerns about consumer spending and prospects for solid economic growth going forward. So far, the data outside of housing still look pretty good, but investors will be looking closely at next week's bevy of reports for any indications of a broader deterioration in conditions.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.