Economic Data Giving Mixed Signals For Traders

<p>“There is quite a diversion between the various numbers.” Dan Deming breaks down Retail Sales, Jobless Claims, and the Philly Fed Manufacturing Index as the market tries to gain insights into the Federal Reserve’s actions next week. He highlights the different narratives provided by each of these data points from a better-than-expected Jobless Claim number which signals a strong labor market, to the Philly Fed Manufacturing Index that shows manufacturing slowing.</p>