Markets gird for weakish US labour market report
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 financial markets can now taste a US Fed rate cut.
Today, all eye are on tomorrow's August non-farm payrolls report for the US. Analysts expect them to rise a minor +75,000 but overnight labour market data suggests that may be optimistic.
First, US initial jobless claims rose last week to 197,000 when seasonal factors suggested it should have fallen. There are now…
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