Now that the Jackson Hole Symposium is behind us, we can turn our attention back to economic data. Fed Chairman Jerome Powell stated the economy has achieved the FOMC’s goal of “substantial further progress” towards its inflation objective and the labor market has made “clear progress” during his Jackson Hole speech. We will gather more information during the week ahead regarding how much progress the labor market made in August when the jobs report is released on Friday. Additionally, the health of the manufacturing and services sectors will be on display as the August PMIs are released.
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