Economy
US Job Growth Stalls
US…
The August employment report showed a modest increase in labor market slack, enough to cement a 25-basis-point rate cut this month.
Inflation expectations in the US remain reasonably well anchored and there are few signs of a brewing wage-price spiral. Thus, the near-term risks to growth outweigh the risks of higher inflation. Looking beyond the next year or two, however, we are worried about stagflation.
Employment Weakness Undermines ISM Services Strength…
China PMIs Uptick Doesn’t Alter Case For Targeted Stimulus…
July JOLTS Confirms Slowing Labor Market Momentum…
Our Portfolio Allocation Summary for September 2025.
Hot HICP Reinforces ECB Pause…
ISM Manufacturing Suggests Fragile Recovery, Not Turnaround…