Looking for recessions is an obsession for some folks. Every wobbly update, every release of bad news is a new excuse to see trouble around the next bend. But crying fire in the theater of business-cycle analysis has been a fruitless pursuit for several years and there’s no sign in the current lineup of data that suggests the near-term future will be any different. The macro profile for the US continues to trend positive in the July update of a diversified set of 14 economic and financial indicators. In fact, the near-term projections for the overall trend reflect a stronger run of data for the months ahead.
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