A pretty solid report that still checks a lot of boxes. It does not change any expectations about economic prospects. The trends will continue. We are now we were before the employment report. In terms of those expectations. Wage growth may be a little slower, but it is still right around 3 . Which is where we have been. We are in an extended period of exceptional mediocrity. An economy thats slowing gradually. We are stuck in this world for the time being, but maybe its not a bad world. Jonathan joining us around the table is priya misra, George Rusnak and gershon distenfeld. Can we begin with that quote from mike collins. A period of extended mediocrity. Are we . Priya the labor report is a little weak, but in our view, it is a lagging indicator. I am struck by the fact that aggregating income continues to accelerate. If we hang our hat on the consumer, that is the engine of growth. We are in this mediocrity aspect, but if there is no engine of growth i dont think this changes the fe
Different things in it. Moderating but still good economy. Pretty good given where we are in the business cycle. It still checks a lot of boxes. It does not change any expectations about economic prospects. The trends will continue. We are now we were before the employment report. Wage growth may be a little slower, but it is still right around 3 . We are in an extended period of exceptional mediocrity. An economy thats slowing gradually. We are stuck in this world for the time being, but maybe its not a bad world. Jonathan joining us around the table is priya misra, George Rusnak and gershon distenfeld. Can we begin with that quote from mike collins. A period of extended mediocrity. Are we . Priya the labor report is a little weak, but in our view, it is a lagging indicator. I am struck by the fact that aggregating income continues to accelerate. If we hang our hat on the consumer, that is the engine of growth. We are in this mediocrity aspect, but if there is no engine of growth i do
Are in the business cycle. A pretty solid report that still checks a lot of boxes. It does not change any expectations about economic prospects. The trends will continue. We are now we were before the employment report. In terms of those expectations. Wage growth may be a little slower, but it is still right around 3 . Which is where we have been. We are in an extended period of exceptional mediocrity. An economy thats slowing gradually. We are stuck in this world for the time being, but maybe its not a bad world. Jonathan joining us around the table is priya misra, George Rusnak and gershon distenfeld. Can we begin with that quote from a good friend of this program, mike collins . A period of extended mediocrity. Are we . Priya the labor report is a little weak, but in our view, it is a lagging indicator. I am still struck by the fact that aggregating income continues to accelerate. If we hang our hat on the consumer that is supposed to continue to spend, where is the engine of growth