All eyes will be on U.S. jobs data on Friday for signs of weakness after the U.S. Federal Reserve kicked off its easing cycle with an outsized 50 basis point cut in September. The Fed took pains to frame the cut (larger than earlier 25 basis point cuts from most other advanced economy central banks) […]
Markets After a brief correction Wednesday, core yields again turned north yesterday. US yields added between 6.2 bps (5-y) and 3 bps (30-y). The Philly Fed business outlook printed much strong than expected (15.5 from 3.2).Weekly jobless claims (212k) confirmed the narrative of a resilient US labour market. Fed governors turn ever more guarded on […]
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