Dallas Fed President Robert Kaplan has crossed the wires in the last minutes arguing that the job growth will need to moderate given tight labor markets.
Key quotes (via Reuters)
- Trade dispute with Mexico a “Very big deal” because trade with that country involves intermediate goods.
- Trade with Mexico “overwhelmingly” in interests of U.S., allows U.S. companies to be more globally competitive.
- Downside risk right now is to business confidence and capex, but could start to affect hiring and therefore household spending.
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