U.S.: This Slowdown May Be Short Lived

Wall Street could be misreading the job numbers

Wall Street is starting to like what it sees. Signs of slower economic growth in the third quarter are easing worries about faster inflation and higher interest rates, and the markets are responding with a rousing ovation. The bond-market rally has pushed Treasury yields down to 6 3/4%, and the Dow Jones industrial average is flirting with 6000.

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