The latest labour market data in the United States was mediocre, which is not greatly surprising. One of the challenges of writing market/economic commentary is that I have run out of alternative ways of writing "mediocre growth." (Start pulling in lingo from other languages?) The only real implication appears to be that the Fed is likely to keep things neat, and only hike in December. I might dig through the job market data and produce some charts later, but I will probably be enjoying the Labour Day long weekend; the next post would likely be on Monday. Have a good weekend (whatever length it is in your home country)!
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The comment section here is largely dead. My Substack or Twitter are better places to have a conversation.
Given that this is largely a backup way to reach me, I am going to reject posts that annoy me. Please post lengthy essays elsewhere.