August 16, 2024 at 12:16PM
This is not what an overheating economy looks like to me
Given the latest jobs report earlier this month, I don’t think anyone thinks that the economy is overheating. But from the retail sales data yesterday, it’s not that bad either. Anyway, this just reaffirms that the Fed is trying to ease into a pivot to cut rates next month.
This article was written by Justin Low at www.forexlive.com.
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