Hot jobs numbers add to treasuries sell-off

Monday 9th October 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS non-farm payrolls numbers on Friday surprised many. NAB’s Taylor Nugent says the 336k new jobs was well above expectations and pricing for another hike by the Fed this year increased slightly. But a clearer picture of the direction of the Fed can be gauged after the release of US CPI later this week. Canada’s employment numbers told a similar story on Friday, coming in higher than forecast. There will be some unease around today, depending on developments in the confrontation between Hamas and Israel, as to whether Iran becomes embroiled in it all. That could push oil prices higher today. Hosted on Acast. See acast.com/privacy for more information.