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A sharp slowdown in the US job market has triggered global stock-market turmoil and fueled speculation that the Federal Reserve may cut interest rates before its next scheduled meeting in September. Despite concerns of a potential recession following the disappointing jobs data, most major economic indicators continue to signal stable, albeit slower, growth. The weak jobs report has shaken confidence in a soft landing for the US economy, leading to increased bets on interest rate cuts and a decline in global equity markets. However, the latest data suggests that the global economy remains stable, and the market panic may be unwarranted.
Disappointing US jobs data has shaken confidence in a soft landing for the world's largest economy, sending global equity markets tumbling and bets on interest rate cuts surging. Here is what market indicators are saying about global recession risks https://t.co/8uH8j962aU
A weak jobs report in America has raised fears that the world’s largest economy is heading for recession. But a look at the latest data suggests that the global economy is not in danger, and that the market panic may be misplaced https://t.co/NFPqJC6yEW 👇
Recessions are rarely if ever easy to see coming. But there’s little reason to expect one now even after last week’s poor jobs report and a stock-market selloff. How so? Most major economic indicators signal stable if slower growth. https://t.co/Er0s2bR6jO via @MarketWatch https://t.co/Lp7QLp9Mnt