The Central Bank Dilemma - is it working?
Resilience in the labour market seems to be a persistent theme. NAB’s Taylor Nugent says we saw it in the US and Canada on Friday, with markets expecting a deepening recession risk as central banks push harder.
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 5th December 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The US non-farms payrolls numbers on Friday were an upside surprise for the number of jobs created and the increase in wages – both factors the Fed has been trying to control. Is the policy working? NAB’s Taylor Nugent says markets have responded with the expectation of a deepening recession as the Fed pushes harder.
Canadian employment numbers were also stronger than expected on Friday, so how does that impact the Bank of Canada’s rate decision this week? And, before that, the RBA – what’s their plan? Just because you’ve started opening your advent calendar don’t assume the action is slowing down for Christmas.
Hosted on Acast. See acast.com/privacy for more information.