Can Labor Market Keep Chugging, or Is It Hiding Weakness?

Is the U.S. labor market breaking down? Andrew Brenner and Patrick Healy give their thoughts. Andrew thinks September still has good odds of a rate cut but thinks interest rates will go higher because of fear. “We’re still skeptical of the employment numbers,” but everything else seems strong, he adds. Patrick agrees that the report was mixed but has a rosier picture than Andrew, arguing the tax bill’s passing will stabilize markets.

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