Cleveland: Rarely See Payroll Slowdown Like This Outside Recession
Schwab Network · Schwab Network
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Show Notes
Jeffrey Cleveland doesn’t expect the data fog to clear even with the September jobs report. He thinks the labor market has softened since September and highlights the three-month average of payroll growth, noting that typically you don’t see slowdown like this outside of a recession. He’s “50/50” on the odds of a December rate cut and takes a look at recent Fed speaker comments.
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