Healthcare is the New Retail

Chart of the Day

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A big reason why Federal Reserve Chair Kevin Warsh was able to justify hiking interest rates yesterday is because according to the committee, the labor side of their dual mandate is doing OK, meaning that the economy is in a position to handle higher rates. 

But a closer look suggests that a pause might have still been a better move. 

The labor market is widely being described as resilient rather than weak, because jobs in the healthcare ...

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