Aussie bounce as debt bills sails through
With the debt ceiling crisis almost a memory NAB’s David de Garis talks about wages in US non-farms payrolls tonight. Before that the Fair Work Commission’s decision on award wages will have a significant bearing on Aussie inflation.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 2nd June 2023
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It's surprising that the markets have reacted so sharply to the passage of the debt ceiling bill. NAB’s David de Garis says there was always an outside chance something would go awry, but it’s already passed through the House and should clear the Senate today. Now the focus is on jobs in the US, with non-farm payrolls tonight. Wage pressure will be a significant focus, whilst at home the consequences of the Fair Work Commission’s award wage decision will be an important factor in determining the rate of inflation.
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