Less jobs, more uncertainty
Thursday 5th September 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABShares continue to push lower along with bond yields as markets continue to be concerned about the US jobs market. The JOLTs numbers overnight show the least number of jobs available since April 2021. JBWere’s Sally Auld says markets are vacillating between expected a 25bp and a 50bpcut from the Fed this month and the overnight numbers pushed slightly towards the stronger cut. Meanwhile, Australia’s GDP growth data yesterday showed a slowdown in consumption, but the…
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