While not impacting the labor market in February, the coronavirus pushed the Fed to take action and weighed on purchasing managers’ business outlook.
Modest GDP and Consumer Spending Growth: January 27 – 31
2019 GDP growth was its most sluggish since 2016.
The Fed Takes a Pause…So Do Consumers: December 9 – 13
FOMC voting members signal that the rate cuts are over, at least for now.
