- The labor market softened in July. Just 114K new jobs were added, and unemployment rose to 4.3%, the highest level since October 2021.
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- Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession, as freight demand remains robust.
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- Markets now anticipate the Fed will begin slashing policy rates with a half-point cut in September and a full point by year's end.
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