Tight labour, hawkish banks, angry Putin
Friday’s jobs numbers in the US showed the labour market remains tight says NAB’s Tapas Strickland, but its worth watching the wages data which suggests salary increases might be starting to ease.
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 10th October 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There was a strong market reaction to non-farm payrolls on Friday, which suggested the US labour market remains tight, with the unemployment rate falling. NAB’s Tapas Strickland says it was another of those ‘good news is bad news’ moments, likely to keep the Fed on its hawkish path for some time yet. That could be reinforced if CPI data this week remains strong. The question is, how will any central bank know when it has overshot its target? There could be some caution today as the world waits for Putin’s response to the Crime bridge explosion.
Hosted on Acast. See acast.com/privacy for more information.