Will the RBA curt rates on the back of bad job numbers? NAB’s Alex Stanley talks through the Aussie employment numbers, plus Fed bank decisions and liquidity concerns in the short term money markets.
GDP in Q1 1.5% down on Q4. Hardly surprising given the lockdown. The economy is still 8.7% smaller than just before the pandemic, whereas US GDP is close to where it was, thanks to massive government spending.