Slow job growth in the U.S. and interest rate cuts in Japan triggered a global stock market sell off on Monday. WSJ’s Nick Timiraos breaks down how it happened, what it says about the economy, and what it means for the Federal Reserve’s long-term goal of a soft landing.

Further Listening:

-Live from Seattle: A Weird Economy + Election = ?? 

-Why the Fed Is Steering Away From Rate Cuts

Further Reading:

-Market Selloff Upends Fed Rate-Cut Calculus 

-Lousy Jobs Report Forces Fed to Reckon With Hard Landing 

Learn more about your ad choices. Visit megaphone.fm/adchoices