The question of whether we are experiencing post-pandemic normalisation or something more worrisome is still open
©The Financial Times Limited 2020 Aug 5, 2024 / 12:28 PM IST
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The US economy is undoubtedly slowing down.
Robert Armstrong & Aiden Reiter
You know the story by now. Fridayâs July jobs report was softer than expected. The market had a tantrum. This inspired both speculation that the inverted yield curve might have been right all along, and a lot of back-seat driving from would-be members of the FOMC.
It was all a bit overdone. Deep breath time:
* There is some reason to think the very low number of jobs added (114,000) was anomalous. In July there
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