• GDP: Solid growth, per Fed commentary
• Inflation: Broad-based and "too high" — 1-year expectations dip to 4.2% but remain elevated
• Jobs: Solid on paper, with Hammack calling the labor market solid
• Consumer Confidence: July Michigan Sentiment rose to 54 from 50.7, yet 61% of Americans say they're pessimistic

The Checkup

New Fed Chair Kevin Warsh spent his first Congressional grilling telling lawmakers the Fed has "the tools" and will...