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Saturday, August 10, 2024

U.S. Jobs Report Reinforces View that Fed Has Misread the Economy and Delayed Easing Too Long

Unemployment in the United States rose from 4.1% in June to 4.3% last month, triggering the Sahm Rule that stipulates that if its 3-month moving average (4.1% in this case) happens to exceed the prior year’s lowest point (3.4%) by at least a half percentage point, there is a strong chance that a recession likely […]

* This article was originally published here

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