Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/3Csixkj
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/4fwV0Ns
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/3O1mtek
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/40HOtey
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/3UFVysh
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/4hF2boE
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/3YCUE0X
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/3YTusQZ
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/40C944i
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/4hzYvEJ
Economic Update | November 2024
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Our Head of Research shares key insights on the economy. Consumer spending and services remain strong, while manufacturing struggles with a PMI below 50. The labor market is balancing well despite recent disruptions. Inflation is improving, with the core PCE deflator at 2.7%, still above the Fed's target. Oil prices are low due to geopolitical uncertainties and oversupply. The Fed plans gradual rate cuts, targeting a 3% rate by Q3 next year. The dollar has strengthened, up nearly 4% since September. Discover more in our latest insights. #EconomicUpdate #JPMorganResearch https://bit.ly/4eeHblS
Economic Update | November 2024
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