Markets jump on JOLTs and RBA surprise
Wednesday 5th October 2022
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There\u2019s plenty of talk of a Fed pivot according to JBWere\u2019s Sally Auld, but is it an overreaction? The drivers have been the smaller than expected rise by the RBA yesterday and one million less jobs being advertised in the US. Bond yields have fallen and the equity markets are lapping it up. So, today, will the RBNZ follow in the RBA\u2019s footsteps? Markets are expecting a 50 basis point rise in New Zealand, but that\u2019s what they said about Australia.
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