Jobs and prices – bad news for the Fed
NAB Morning Call
00:00
Introduction
This Thursday the 24th of February 2023 it's the morning call from NAMM. The ASX has been heading down all week but I mean it's a different story in the US where it seems like things have taken a bit longer than expected. We're seeing signs of confidence emerging in Australia we got private capex rising in Q4 2.2 percent Q1Q plant machinery capex that was shrinking in Q3 is back on the rise building capex back to Q4 2021 levels almost at 3.6 percent growth. Well you can get two carried away looking at one set of numbers and we've said that a few times. Of course about the weekly jobless numbers
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