Economic data released last week was strong with rising inflation risks affecting markets

Any doubts as to whether the surge in consumption reported for the second quarter can continue in the third quarter is quickly being eliminated with data being released. The labor market report for August reported last Friday was a solid number. It was not the growth of 201,000 jobs that made the news but rather, the jump in average hourly earnings.

 

PROBANK AUSTIN ADVISOR - SEPTEMBER 10, 2018