UBS On-Air: Paul Donovan Daily Audio 'Trust the trends'
From the original
The US employment report was a convenient reminder not to put too much emphasis onto a single unreliable data release. There were notable revisions, and the details showed swings in seasonal adjustments moving the figures in a rather maladjusted manner. The trends are still the s
Related speeches
4 itemsUBS On-Air: Paul Donovan Daily Audio 'Thrilling times'
UBS On-Air: Paul Donovan Daily Audio 'Revisions, resilience, and affordability'
The desk identifies that the recent U.S. employment report underscores the volatility of labor data, leading to reduced expectations for monetary tightening. As noted in the UBS commentary, the ongoing affordability crisis amidst stagnant wage growth suggests demand will remain resilient, despite central banks' cautious stances. This balancing act makes the market outlook uncertain yet tepid, with a clear signal from the Fed being crucial to clarify future rates. Per the full note, the reliance on revisions reiterates the need to critically analyze economic data as we move forward.
UBS On-Air: Paul Donovan Daily Audio 'The employment roulette wheel'
More like this
5 itemsTalking Markets Podcast Series (Private Credit) with Marc Lipschultz (Blue Owl Capital)
Washington Weekly Podcast: SCOTUS cases, U.S. midterm election update
UBS On-Air: Paul Donovan Daily Audio 'Worrying about the cost of war'
Talking Markets Podcast Series (Preferreds) with Derek Pines (Bramshill) & Frank Sileo (UBS CIO)