NAB – The Morning Call · US jobs coming back, but harder from here

US jobs coming back, but harder from here

Monday 7th September 2020

US jobs data on Friday helped the equities market to regain a little composure as it fell for the second day. It also saw Treasury yields rise sharply, steepening the curve. NAB’s Rodrigo Catril proffers his opinion on how much of this is a short-term response and how much the start of a longer-term shift. The Fed’s Jerome Powell said on Friday that the recovery ”will get harder from here”. There’s also the discussion on the impact on the Australian economy of the extension to the Melbourne lockdown announced yesterday.

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