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Strong Australian Jobs Data Spurs Paring of Rate-Cut Bets
Strong Australian Jobs Data Spurs Paring of Rate-Cut Bets
Swati Pandey and Matthew Burgess
Thu, December 12, 2024 at 12:57 AM EST 2 min read
(Bloomberg) -- Australia’s unemployment rate unexpectedly fell in November as the nation’s golden streak of hiring gains extended, underscoring the resilience of the labor market to elevated interest rates and prompting traders to pare back bets of a February cut.
{snip}
Swati Pandey and Matthew Burgess
Thu, December 12, 2024 at 12:57 AM EST 2 min read
(Bloomberg) -- Australia’s unemployment rate unexpectedly fell in November as the nation’s golden streak of hiring gains extended, underscoring the resilience of the labor market to elevated interest rates and prompting traders to pare back bets of a February cut.
{snip}