US jobless claims fall, so did Aussie jobs
Friday 19th January 2024
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US bond yields continue to push higher as the expectation for delayed cuts mounts. The weekly jobless claims will help the Fed\u2019s case here, with a surprise fall showing how tight the labour market still is. But these are volatile numbers, says NAB\u2019s Gavin Friend, particularly over the holiday period. The same applies to the surprise drop in Australian employment numbers yesterday, although the trend is still showing a rise and there\u2019s nothing to change the RBA\u2019s path for now. Plus, peace hopes for the Middle east and a preview of our first Weekend edition of 2024.
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