Pantheon Macroeconomics
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Behind the headline, the trend in job growth is slowing, with more softening to come.
Too soon to conclude that downward trend is in place.
Sharp drop in claims probably is noise; the ADP is deeply unreliable.
Stuck in a rut, with few signs of an improvement ahead.
Signalling softer spending on services after the summer blowout.
The rebalancing continues; chance of a Dec hike dips further
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