Main Street’s Growing Uncertainty

Recent U.S. economic data have sent a lot of conflicting signals. Jobs data, pricing data, and corporate earnings reflect a solidly growing domestic economy with manageable inflation, but manufacturing reports show a downturn in demand that points to potential weakness ahead. Wall Street’s economic outlook is more clouded than at any point of the cycle, so this week, we’ve turned to Main Street for direction via the Federal Reserve’s (Fed) Beige Book survey.

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