Headlines to be discussed at LNWM’s Monday briefing:

— The Fed is conflicted about whether to move interest rates higher, given low inflation.
— The US economy added an impressive 220,000 new jobs in June; wage growth holding at 2.5% annually.
— At G-20 Summit, the US resisted consensus on free and fair trade and climate change.
— For each job opening in April, there were 1.17 unemployed job seekers, 2nd tightest ratio since 2000.
— Productivity growth in the US has averaged 1% since 2005, half the level during 1990-2004.

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