Opinion
An enormous error has overstated the US boom
Markets have been caught off guard by a drastic revision of non-farm payrolls, the worst miss since the Lehman crisis.
Ambrose Evans-PritchardGlobal economy commentatorA jumbo US rate cut of 50 basis points in September is back on the table, and possibly several cuts in a quick succession as the Federal Reserve is forced into a screeching handbrake turn.
Markets have been caught off guard by a drastic revision of non-farm payrolls, the worst miss since the Lehman crisis. Labour economists can justifiably say “I told you so”.
The Telegraph London
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