US jobs relief, inflation data this week
Monday 10th July 2023
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Markets will have breathed a collective sigh of relief on Friday when the US non-farm payrolls read came in below consensus, after the worrying upside surprise in the earlier ADP employment numbers. NAB\u2019s Skye Masters says it doesn\u2019t change the path for the Fed, though, particularly as the unemployment rate fell in Friday\u2019s numbers. Elsewhere, Janet Yellen continued to sound hawkish, saying the need was to focus on company profits alongside rising wages. US CPI is the key data release this week.
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