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Weekly Economic Perspectives

US Jobs Report Not Bad Enough

There was a lot of anxiety going into the release of the August payrolls report that it would force the Fed into a 50-bp rate cut at the September meeting. We do not think the data was quite so bad.

5 min read
Chief Economist
Investment Strategist

US Labor Market Has Come Into Balance

Spotlight on Next Week

  • Further retreat in US inflation. UK unemployment rate to fall.
  • ECB to follow up with another rate cut.

 

More Weekly Economic Perspectives