US Jobs Day, Bad News Day for Britain
NAB’s Taylor Nugent looks ahead to non-farm payrolls for the US, and evaluates the cautious cut from the Bank of England.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 7th February 2025
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Non-farms payrolls data is released later today in the US. NAB’s Taylor Nugent talks through some of this week’s other jobs-related data ahead of this key release. Meanwhile, good and bad news from the UK. The Bank of England cut rates by 25bp.Two members of the board wanted to go further. At the same time the bank cut its growth forecast and expects inflation to rise, extending the journey to their 2 percent target.
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