Bloomberg Daybreak: Europe Edition Daybreak Weekend: US Jobs Preview, NATO, RBA's Rate Decision
Mar 29, 2025
Michael McKee, Bloomberg's International Economics and Policy correspondent, dives into the U.S. March Jobs Report, revealing insights about labor market trends and their impact on Fed policies. Rosalind Matheson, EMEA News Director, discusses the NATO meeting's significance amid global tensions and its implications for the US-EU relationship. James McIntyre, focused on Australia and New Zealand, analyzes the Reserve Bank of Australia's interest rate decision, emphasizing its effects on the economy and inflation amidst changing market dynamics.
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March US Jobs Report Insights
- The US March jobs report is expected to show slower job creation but steady unemployment at 4.1%.
- Federal job layoffs might not appear clearly this month due to timing and rehiring dynamics.
Tariffs Create Economic Uncertainty
- Tariffs are causing concern among consumers and businesses about higher prices and inflation.
- The Fed faces uncertainty on how tariffs will impact inflation and economic growth.
Auto Tariffs Impact Industry
- 25% auto import tariffs may depress new car sales by 3%, raising new vehicle prices significantly.
- Used car and auto parts sectors could benefit as consumers keep older cars longer.