Today's Economic Data Points
US consumer confidence "unexpectedly: fell in August.
Considering the fact that hourly wages fell in July, (Inflation hewed fairly close to the 2% desired by the Fed) I do not consider this too much of a surprise, particularly when juxtaposed with the fall in the Philly Fed index and overall industrial production being flat.
This is the definition of a recovery that I was previously unaware of.
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