News Snapshot:
There’s no consistent story to tell about the economy right now. If you look at housing, everything’s a disaster. If you look at consumer spending, everything’s plugging along. If you look at the labor market, things are looking pretty phenomenal. “There seem to be three different economies out there,” said Ethan Harris, global economist at Bank of America, in an interview. “You’ve got a housing market in recession, you’ve got a consumer who’s hanging in, and then you’ve got a hot labor market.” The economy has been a bit of a conundrum to unpack for a while now, after the...
