We’ve been encouraged by the signs that employment is weakening and the labour market is loosening a bit more markedly. What’s more, forward-looking indicators point to employment growth deteriorating further over the next six months or so. That suggests higher interest rates are working and wage growth/core inflation will ease in time.
We’ll be discussing September’s Fed, ECB and Bank of England policy decisions in a Drop-In at 3pm BST on Thursday 21st September. (Register here.)
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