Macro - Weekly Briefings - US

Macro - Weekly Briefings - US

Our view that the economy will expand at a solid pace this year is predicated on a robust consumer, but recent readings on the labor market raise the prospect that the key engine of the economy might lose some steam. We do not think unemployment is about to rise sharply, but a continued slowdown in net job growth is a reason we expect economic activity to soften in H2.

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