Analysis of Recent Trade Numbers and their Implications on Domestic Demand

Friday 6th October 2023

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There has been so much volatility in bond and equity markets lately it’s hard to imagine that the non-farm payrolls data tonight won’t prompt some sort of response. But what are we expecting? NAB’s Ken Crompton talks through the latest movements, which have been fairly relaxed over the last 24 hours. The Fed’s Mary Daly has suggested that rising 30 year yield shave been doing the work for the Fed, which could reduce the need for another hike. In the UK Bren Broadbent has suggested weaker data could see off any further hikes. And a lot of recent trade data suggests weakening demand, echoed by falling oil prices again today.

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