Beige Book highlights brisk rise in input costs
Thursday 3rd June 2021If there\u2019s one takeout from the Fed\u2019s Beige Book overnight, aside from the continued improvement in the US recovery, it was the rising concern about input costs. Even though it\u2019s seems to be accepted wisdom that price pressures from supply chain disruption will be transitory, there\u2019s the question about how that disruption will impact the jobs recovery. NAB\u2019s David de Garis says that makes this week\u2019s non-farm payrolls on Friday particularly important, which explains why markets are lacklustre today, across almost all asset classes. Only oil is showing any significant move forward. Listen in for a description of how markets are travelling, just don\u2019t expect any big numbers. Not today.
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