Downside risks: Although job growth in the United States may still be surging, it can be impacted by any downturn in sales, as employers may cut back on hiring or reduce the number of workers. — AFP
Waning momentum in the economy may be buoyed by the US consumers as job growth continues to surge but downside risks remain.
The divergence in manufacturing data from IHS Markit which showed expansion, and the Institute of Supply Management (ISM) indicating decline, warns us of caution ahead.
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