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Monday 9th September 2024
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Whilst the US unemployment rate came in as expected on Friday, at 4.2 percent, it was downward revision to the previous two months numbers that seem to have caused the most consternation. With the Fed signalling their focus is on ensuring there isn’t a sudden downturn in employment, will these numbers raise the expectations that the cut next week will be a big one. Not yet says NAB’s Rodrigo Catril, even though there has been a notable change in language from the Fed. Friday…
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