Do more jobs mean more work for central banks?
A big upside surprise in US jobs numbers on Friday, NAB’s Tapas Strickland says it has markets wondering whether the Fed will push rates higher than anticipated.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Monday 6th February 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The US payrolls numbers on Friday showed strong jobs growth, which surprised markets pushing bond yields higher and weakening the US dollar. And NAB’s Tapas Strickland says the ISM Services number adding to the view that the Fed might have to do more to contain US inflation. Could we see two more 25 bp hikes form the Fed before they pause? And does thus change the stance of central banks globally, including the RBA tomorrow. The expectation is there will be a 25-basis point hike tomorrow and again in March, but could the terminal rate be higher given the prospect of global inflation proving harder to contain.
Hosted on Acast. See acast.com/privacy for more information.