Soft jobs numbers wont dampen the Feds tapering intention

Published: Oct. 10, 2021, 7:33 p.m.

b'Monday 11th October 2021Non-farm payrolls numbers from the US on Friday were less than expected, but NAB\\u2019s Rodrigo Catril says the numbers weren\\u2019t as bad as they seem, because they included an upward revision in the month before. The expectation is that the Fed will push ahead with tapering of bond purchases later in the year, with bond yields rising around the world, to multi-year highs in some cases. Inflation remains a concern, because of supply chain disruption, rising fuel prices and wages. That might be good news for the Aussie dollar iron ore rose 6 percent on Friday \\u2013 but N AB has downgraded forecasts given the expected strength in the US dollar during this climate of uncertainty. Listen in to find out more.


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