Recession forecasts have been mounting lately, largely due to inverted yield curves. But a broad read on the hard data has yet to throw in the towel. US economic growth is slow and may get slower in the months ahead, but for the moment the odds still favor expansion for the immediate future.

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Trump administration considering new policies to support economy: NY Times
WH spokesman says payroll tax cut not under consideration: CNBC
Group of states ready to start antitrust probe of big tech: WSJ
Hong Kong consulate worker reportedly detained in China: Bloomberg
Pimco warns: breakthrough on US-China trade could sharply raise yields: FT
Eurozone inflation slowed to +1.0% annual rate in July, lowest in two years: MW
10yr/2yr yield curve holds at mildly positive spread for 2nd day after inversion: