Fresh labor market data sparked a reassessment of market views on the economy
"The debate around if U.S. economy will tip into a recession has been prevailing on the Wall Street. ."
"Economists at Goldman raised their 12-month U.S. recession probability from 15% to 25% after the U.S. July jobs report of Aug. 2 showed nonfarm payrolls grew by a less-than-expected 114,000. The report also triggered widespread concerns about the state of U.S. economy, and contributed to the sharp stock market sell-off at the early of August. ."
"The market views on the economy are divided. One side thinks that the economy is doing quite well and remains resilient amid tightening monetary policy; on the flip side, some economists argue that the economy is starting to slow down, the uptick unemployment rate and eroding purchasing power of consumers are reflecting the point.."
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