UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Distorted data and political perceptions'
01 Nov 2024
Description
It is US employment report Friday. This report is distorted by hurricanes, strike action, and the fact that the data is always wrong. Taking a broad sweep of economic data, the signs are that the labor market is doing fine. The ongoing strength of US consumer spending suggests little fear of unemployment, for instance.
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