U.S.: A Soft Landing Ahead Or Still Climbing?

Wall Street, look again: Behind jobs data lie signs of future strength

Signs that the economy was coming off the boil in the second quarter had already been sighted: Retail sales, factory orders, car buying, and housing all cooled off considerably this spring. Then came the shockingly weak May employment report, which galvanized sentiment on Wall Street and among many economists that the long-awaited economic slowdown is here.

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