Case for K-Shaped Economy: Jobs Weaken, House Prices Rise Amid Strong Consumer Spending
Schwab Network · Schwab Network
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Show Notes
The jobs market is seeing contraction in the ADP and jobless claims numbers, and Chris Maxey makes the case that it adds to the labor weakness picture. Consumer health remains intact through metrics like retail sales but home price increases add pressure in a "K-shaped" economy. Chris points to lower interest rates as something that will help Americans moving forward.
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