Judging by the current numbers, the US expansion almost certainly endures. There are well-founded concerns that the tide may be turning, but that’s still a speculative call. By comparison, published numbers to date, overall, speak clearly: growth still has the upper hand. That’s not written in stone, of course, but for this specific point in time it’s the odds-on favorite for describing current conditions.

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* Biden convenes national security team amid fears of Iran attack on Israel
* US economy is starting to look “pre-recessionary”: Krugman
* Will the Fed announce an emergency rate cut? Unlikely, predict analysts, history
* ISM Services Index rebounds in July, showing key US sector strengthening
* Global economic growth eases for second month in July via PMI survey data
* US output expands “solidly” in July via Composite PMI Index, a GDP proxy:

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