Slow job growth in the U.S. and interest rate cuts in Japan triggered a global stock market sell off on Monday. WSJ’s Nick Timiraos breaks down how it happened, what it says about the economy, and what it means for the Federal Reserve’s long-term goal of a soft landing.
Further Listening:
-Live from Seattle: A Weird Economy + Election = ??
-Why the Fed Is Steering Away From Rate Cuts
Further Reading:
-Market Selloff Upends Fed Rate-Cut Calculus
-Lousy Jobs Report Forces Fed to Reckon With Hard Landing
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What the Stock Market Panic Says About the Economy | The Journal. podcast - Listen or read transcript on Metacast
