Headlines discussed at LNWM’s Monday morning briefing:
— The Federal Reserve is using a new gauge to determine the health of the U.S. labor market, the 19-factor Labor Market Conditions Index, which could mean less focus on the usual measure, the U.S. unemployment rate.
— Canadian inflation dropped for the first time in five months, to 2.1% annualized, on lower gasoline prices.
— The price of ground beef hit a record high in the U.S., up nearly 81% since 2009.
— Steve Ballmer resigned from Microsoft’s board of directors, after buying the L.A. Clippers basketball team.
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