As we wrap up the final week of August, markets are increasingly confident in a soft-landing scenario. There is also growing optimism regarding potential support from the Chinese government to address the property market downturn. In notable crypto news, a US Court has reversed the SEC’s decision on Grayscale’s ETF. Here are the key takeaways to kick start your week.
On Top of Our Mind This Week: What does the job market say about the US outlook?
Source: CNBC, US Bureau of Labour Statistics, 1 September 2023 A Job market in slowdown mode: After a period of rapid expansion, the US labor market is now settling into a more sustained rhythm. In August, we saw the unemployment rate increase to 3.8%, its highest since February 2022. But here is an interesting twist: this happened alongside a rise in the labor force participation rate. It seems more people are rolling...