Month: June 2021

US jobs numbers hit the sweet spot

The US payrolls numbers were just right, says NAB’s Rodrigo Catril on today’s Morning Call poidcast. They showed recovery was happening, but not so fast that the Fed will bring forward tapering. That helped risk assets and sent Treasury yields tumbling.

Taper torment with more calls for Fed to take their foot off the pedal

A strong payrolls number tonight could push market expectations for a speedier move to tapering. But NAB’s Gavin Friend says market moves could quickly unwind if the Fed doesn’t change its position next month.

Relative values

Economic principles suggest price is the best indicator of value. But, as discussed with Steve Keen, everyone has a different concept of value, determined by how much money they’ve got.

Beige Book highlights ‘brisk rise’ in input costs

The Beige Book suggests price pressures are getting worse says NAB’s David de Garis. The demand side of the economy is strong, but can the supply side keep up? It makes Friday’s non-farm payrolls numbers all that more important.

No surprises from the RBA, and don’t be surprised by an uptick in Aussie GDP today

OPEC+ is still unclear about what their easing of supply cuts will look like. NAB’s Rodrigo Catril says that helps explain the rise in prices beyond $70 overnight. Meanwhile, expect a higher GDP read for Australia later today.

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