UBS On-Air: Paul Donovan Daily Audio 'The employment roulette wheel'
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Description
Just one month ago, markets were panicked by the release of an unreliable labor market signal, distorted by seasonal peculiarities. Now, once again, it is time for the US employment report. The unreliability adds unpredictability to the numbers, but the expectation is for a lower unemployment rate as temporarily unemployed auto-sector workers return to work.
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As we close out another trading week, Matt drops by the podcast to reflect on recent equity market return drivers, along with recaps this week’s inflation data. We also outline current views on equity positioning, and preview what you can expect in the week ahead. Featured is Matt Tormey,...
Published 09/13/24
Published 09/13/24
The US has more people employed, working longer hours, for more pay. Last Friday’s employment report essentially summarized a soft economic landing. There was evidence of slower hiring (without firing) in the employment details, also consistent with a soft landing. While the Federal Reserve is...
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