Monday 6th September 2021
Non-farm payrolls grew well below market expectations I the US on Friday, and are certainly not the substantial progress the Fed has been looming for. Today on The Morning Call NAB’s Tapas Strickland looks at the market response to the payrolls numbers, and other signs that the global recovery might be slowing. Is it just a transitory phase? With that in mind, what will the RBA do about tapering its bond buying, and will the ECB still ease off its purchase under its PEPP? Both meet this week, and the Fed’s Beige Book is out midweek to, to help provide some colour on the state of the US economy right now.