The US economy expanded in the second quarter at a slightly faster pace than initially estimated on a pickup in business investment and an outsized boost from trade.
This week did not have a large volume of data released, but it did have some items of note. A focus this week was on housing. The National Association of Homebuilders/Wells Fargo sentiment indicator fell to 32 in August versus 33 last month.
Underlying US inflation accelerated in July to the strongest pace since the start of the year, though a tepid rise in goods prices tempered concerns about tariff-driven price pressures.