The economy is doing fine and the labor market is on the mend.

I think it's probably them worried more just about a very weak economy than whether it's a soft landing or a recession. But the Fed, they don't really care. They just want to see the economy get back up.

The economy could get back to an above trend rate this quarter, and that is what will matter to monetary policy makers.

Of all the economic statistics, the labor market best highlights the underlying strength of the Australian economy.

We think the economy is in recession, and it looks like October is going to be weaker than September.

If oil stays where it is, then the economy will slow, and the market will take up some of the Fed tightening that is priced into it.