Analyst: The claim that the U.S. economy is on the brink of recession is not very reliable.

On August 8th, Bannockburn Global Forex market strategist Marc Chandler said, “When it comes to the labor market, it is multidimensional, not a single number. So I think the initial claims for unemployment benefits in the United States is one of the numbers. Today’s initial claims data is lower than expected, although the four-week moving average is still rising.” “The idea that the economy is about to enter a recession seems dubious.”

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