Investors glimpsed a light at the end of the ‘higher for longer’ tunnel today. A data-filled morning evidenced an economy that isn’t overheating but isn’t necessarily slowing either. In the context of previous reports showing outsized job growth and fast-growing wages, the headline NFP figure of 175k job growth (240k expected) received a warm welcome. In addition, services ISM contracted for a third straight month, falling below 50 for the first time since December 2022. At face value the data…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.