Description
Slow job growth in the U.S. and interest rate cuts in Japan triggered a global stock market sell off on Monday. WSJ’s Nick Timiraos breaks down how it happened, what it says about the economy, and what it means for the Federal Reserve’s long-term goal of a soft landing. Further Listening: -Live from Seattle: A Weird Economy + Election = ?? -Why the Fed Is Steering Away From Rate Cuts Further Reading: -Market Selloff Upends Fed Rate-Cut Calculus -Lousy Jobs Report Forces Fed to Reckon With Hard Landing Learn more about your ad choices. Visit megaphone.fm/adchoices
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