Labour market tightness vs the credit crunch
The US jobs market is still very tight, but as NAB’s Tapas Strickland says a pause is still expected, unless there’s an upside surprise in US inflation this week. Meanwhile, a more hawkish path is emerging for the RBA.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 8th May 2023
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A surprise increase in US jobs on Friday but NAB’s Tapas Strickland says it probably won’t have scuppered expectations for a pause by the FOMC, unless there’s an unpleasant surprise in US inflation numbers this week. The question is, how much of the work of the Fed will now be done by the credit crunch? That makes today’s US Senior Loan Officers Survey particularly important. Also on today’s podcast, a look ahead to the BoE and a look back at Friday’s Statement of Monetary Policy from the RBA and why Aussie home loan commitments have picked up so much.
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