Société Générale highlights the unexpected strength of the US labor market as indicative of a re-accelerating US economy, suggesting a "no-landing" scenario rather than a slowdown. This robust performance challenges the current expectations around Federal Reserve policy, raising questions about the potential for rate hikes as much as cuts. The contrast with Europe's sluggish growth and China's recovery efforts is stark, underpinning a scenario for further near-term USD strength. However, the path forward may feature low volatility and slow, grinding gains for the dollar, particularly given its current high valuation.Key Insights:US Labor Market Resilience: Friday's labor market report unders
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