US jobs cool and services soften
Listen now
Description
Monday 6th May 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB The non-farm payrolls in the US came in lower than expected, with a rise in the unemployment rate. NAAB’s Ken Crompton says we shouldn’t get too excited by the unemployment rate because it’s a small move when you take it to the second decimal place. The Services ISM was also weaker, falling into contraction territory. The impact has been to bring forward rate cut expectations a little, with a 75% chance the Fed will move in September. In Australia home loans data wasn’t particularly encouraging reading. The focus is now on the RBA tomorrow, then state budges later in the week. Will spending add to pressure on jobs, slowing the fall in inflation? Hosted on Acast. See acast.com/privacy for more information.
More Episodes
Friday 14th June 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. There’s been growing interest in private credit markets lately. So, what exactly is it? Phil talks to Gillian Gordon, Head of...
Published 06/14/24
Published 06/14/24
Friday 14th June 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB You might have expected that bond yields would start creeping back up again after the Fed’s hawkish ‘one dot plot’ meeting yesterday. Instead yields fell, as the latest producer...
Published 06/13/24