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UBS On-Air: Paul Donovan Daily Audio 'The US and China – different consumers'
Published 1 year, 4 months ago
Description
The US has more people employed, working longer hours, for more pay. Last Friday’s employment report essentially summarized a soft economic landing. There was evidence of slower hiring (without firing) in the employment details, also consistent with a soft landing. While the Federal Reserve is late in cutting rates, the delay has not yet done much economic damage.