28 June 2023

Animal Spirits Always Matter More Than Mechanical Level Of Interest Rates The latest US employment data trumped job additions’ estimates (+339K NFP vs 195K est) while the unemployment rate rose to 3.7% (est 3.5%) from a prior 3.5%. Average hourly earnings rose 0.3% MoM which was in line with consensus expectations (wages rose 4.3% YoY […]