More good news, that’s actually bad news
Wednesday 31st August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The US jobs market grew last month, whilst consumer sentiment improved. It’s not what the Fed wants to hear. Do these positive numbers mean that the US can survive a soft-landing? No, says JBWere’s Sally Auld, it just piles the pressure on the Fed to be more aggressive on rate rises. The consumer sentiment probably reflects little more than a fall in petrol prices. We know Europe is set for a hard landing, even though gas prices have fallen and Germany’s reserves…
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