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LGT Navigator: US labor market remains solid

04 February 2019

Surprisingly strong employment growth in the US initially refutes fears of a slowdown in the US economy, but it could well put the Fed in a state of emergency to explain the recent turnaround, at least in communications. At the same time, the ISM Purchasing Managers Index (PMI), which was much stronger than expected, confirmed that the US economy remains solid.

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