US jobs market too hot for the Fed?
NAB Morning Call
00:00
Consumer Credit Numbers for June
The bureau of economic research tends to date recessions in hindsight. While the labour marketis as strong as this, you can't classify two quarters of negative g d p thing close to approximating a recession while the labor market isno strong. Thel, add insult to injury, t the consumer credit numbers for june as well, they were much higher than expected. And it's obvious from the credit numbers that a lot of people are struggling to eno to pay the mortgage and o pay the rent nd and keep food on the table.
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