US jobs report: Watch that wage growth print
The US Federal Reserve has been closely watching wage growth out of concern that faster-than-normal pay gains may add to inflation pressures.
Chris Versace, CIO of Tematica Research tells IG’s Angeline Ong it’s the average hourly earnings print that will feed into the Fed’s thinking, surrounding the timing of its first interest rate cut.
(AI Video Summary)
Upcoming US employment report's impact on wage growth
Angeline Ong is joined by guest interviewee Chris Versace, CIO of Tematica Research, to discuss key economic indicators pointing to potential surprises in the upcoming US employment report, particularly regarding wage growth. Versace highlights the ongoing challenge of inflation, and the possibility that higher-than-anticipated wage figures could indicate persistent inflationary pressures.
NVIDIA's market impact
Additionally, he touches on the Federal Reserve's monetary policy outlook amidst varying economic signals, and NVIDIA's market impact following its success and upcoming stock split. The dialogue also covers the consumer retail sector, with a focus on Costco's strong performance and its strategic positioning boosting membership revenue amidst continued inflation concerns.
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