Labour market tightness vs the credit crunch
Monday 8th May 2023
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A surprise increase in US jobs on Friday but NAB\u2019s Tapas Strickland says it probably won\u2019t have scuppered expectations for a pause by the FOMC, unless there\u2019s an unpleasant surprise in US inflation numbers this week. The question is, how much of the work of the Fed will now be done by the credit crunch? That makes today\u2019s US Senior Loan Officers Survey particularly important. Also on today\u2019s podcast, a look ahead to the BoE and a look back at Friday\u2019s Statement of Monetary Policy from the RBA and why Aussie home loan commitments have picked up so much.
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