Chicago Fed Pres. Goolsby is on the wires sayingUS GDP and labor market are basically stableThe weak retail sales represents one month of dataContinued spending weakness could be worryingsupported the July rate decisionNotes is that the past two productivity data releases were very poor. If it persists, it could change the AI narrative Encouraged by CPI reports and need more dataGoolsbee tends to go with the flow. He can be more hawkish or more dovish. His comments on productivity are a concern for for inflation and have implications for US stocks. At the same time, wonder if the productivity measures are being influenced by the upfront costs with the majority of the gains to be determined. But that is a $64,000 question for everyone. This article was written by Greg Michalowski at investinglive.com.