The Central Bank Dilemma - is it working?
Monday 5th December 2022
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The US non-farms payrolls numbers on Friday were an upside surprise for the number of jobs created and the increase in wages \u2013 both factors the Fed has been trying to control. Is the policy working? NAB\u2019s Taylor Nugent says markets have responded with the expectation of a deepening recession as the Fed pushes harder.
Canadian employment numbers were also stronger than expected on Friday, so how does that impact the Bank of Canada\u2019s rate decision this week? And, before that, the RBA \u2013 what\u2019s their plan? Just because you\u2019ve started opening your advent calendar don\u2019t assume the action is slowing down for Christmas.
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