Near Perfect, New Probability

It’s jobs Friday, and Mark, Cris and Dante discuss the near perfect (Dante’s description) July employment report. Job growth remains strong, but it is moderating, and should help convince the Federal Reserve that its interest rates hikes are over.  The group identified a few nits in the numbers, but the report was so good Cris lowered his odds the economy will suffer a recession in the coming year.  Follow Mark Zandi @MarkZandi, Cris deRitis @MiddleWayEcon, and Marisa DiNatale on LinkedIn for additional insight.