Jobs a plenty
Monday 7th October 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe non-farm payrolls data on Friday in the US was a big upside surprise. It means there’s less need for any large cuts by the Fed who will be hoping they will have controlled inflation whilst steering the economy into a soft landing. That’s assuming the rise in jobs doesn’t mean a rise in salary expectations. NAB’s Taylor Nugent talks Phil through what it means and why such a strong market response on Friday. Does it have implications for other central banks? Whilst the data…
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