Cutting costs and raising prices
Kia ora,
Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
And today we lead with news cost cutting and raising prices are key themes in US business at present - sure to challenge the Fed's policy path.
First in the US, there was an outsized jump in the number of people making initial jobless claims, +310,000 for the week. That pushed up the number of people on these benefits to 1.94 mln. Employers now seem emboldened to cut staff before the holiday…
The skinny
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