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US labor market: Watching claims and wages – UBS
Paul Donovan at UBS points out that US initial jobless claims may draw attention in a quiet data calendar, alongside upcoming Housing data.
Jobless claims and wage-price risks
"US initial jobless claims data may get some attention in an otherwise relatively quiet data calendar."
"US policy-makers would have to be concerned if there were evidence of a really tight labor market, creating a wage-price spiral."
"However, in spite of repeated inflation shocks, that has not emerged."
"Housing data is also due."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Top Articles
1Gold falls to over one-year low below $3,900 amid inflation concerns, US PPI data looms2The New Zealand Dollar's slump runs into RBNZ inflation expectations3Australian Dollar tests 0.68 as Fed hawks drive USD to 19-month high4Yen stalls at 160.00 on Tokyo's warning ahead of Japan's growth data5A Euro at an 18-month low heads into Eurozone growth and US prices6UK jobs and inflation come next for a Pound on a three-day slide7Ethereum Price Forecast: ETH falls below $2,000 as Nvidia's Jensen Huang resigns8Banxico’s Heath warns rate cut sends wrong signal on inflation9Bitcoin, crypto market extend losses following Jensen Huang's resignation
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