Vital Signs: Mixed Signals

If companies keep hiring at a modest pace, it will help offset the downdraft from housing. Also on tap: national business activity surveys and construction spending

Some investors believe the U.S. economy is quickly running out of steam. The sagging housing market is the top culprit, but there have been other mixed signals on activity lately. Recent softer data are a key reason for the furious rally in the bond market. The next week will provide some guidance on whether the pessimism is justified or overblown.

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