UK Jobs Data, Wage Growth Strengthens Case for Bank of England Rate Hikes
Plus, the Chancellor rules out increasing capital gains tax in the budget
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Plus, the Chancellor rules out increasing capital gains tax in the budget
An index tracking emerging-market currencies climbed to a session high after weaker-than-expected US jobs data prompted traders to scale back bets on another Federal Reserve interest-rate hike this month. Nonfarm payrolls increased by 29,000 in September after downward revisions to the prior two months, according to Bureau of Labor Statistics data released Friday. The figure missed all estimates in a Bloomberg survey of economists. For more, we speak with Anisha Goodly, Fixed Income Managing Director at TCW. (Source: Bloomberg)
Bond traders pared back their expectations for another Federal Reserve interest-rate hike this month on indications of weakness in the US labor market.