Discussion on the US jobs report and bond market volatility. The disconnect between central banks and investors on inflation and market behavior. Excess volatility in markets and OpenAI's new features for chat GPT. Tech companies' response to AI updates and concerns about safety.
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Quick takeaways
US jobs growth is expected to have slowed in September, indicating a potential slowdown in employment growth.
The bond market experienced volatility and rising yields in response to central banks' indication of higher interest rates and concerns about inflation, creating uncertainty and unnerving investors.
Deep dives
US Job Growth Slows in September
According to a Bloomberg survey, US jobs growth is expected to have slowed in September with an estimated addition of 170,000 new jobs, down from August's increase of 187,000. The actual figures will be released by the US Bureau of Labor Statistics. The projection, if accurate, indicates a potential slowdown in employment growth.
Bond Market Volatility and Inflation Concerns
The bond market experienced volatility and rising yields in response to central banks' indication of higher interest rates and concerns about inflation. Despite the central banks' message of higher rates for a longer period, the market has been slow in fully incorporating this information. A significant increase in oil prices has further fueled concerns about inflation and led to a decline in bond prices. The heightened market volatility has created uncertainty and unnerved investors.
Economists expect that jobs growth in the US slowed again in September, and the recent sell-off in bonds might be starting to cool. Plus, artificial intelligence is cool and all, but can companies use this new tech in a way that isn’t toxic?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.