RBA's Gov Bullock: Labour market still a bit tight; Output gap probably has closed

Just in | RBA Governor Bullock warns that persistent inflation could significantly impact future policy decisions. RBA GOV BULLOCK SAYS LABOUR MARKET IS IN A GOOD POSITION, PART OF THE RISE IN TRIMMED-MEAN INFLATION IS TEMPORARY, AND INFLATION EXPECTATIONS REMAIN ANCHORED. ...

Potential signs of trouble are popping up again in the form of tighter conditions in short-term funding markets, which act as the indoor plumbing of the financial system, and this may require the Federal Reserve to take action relatively soon.Two measures of funding-market liquidity, known as the Secured Overnight Financing Rate and the Tri-Party General ...

Private sector employment shed 32,000 jobs in November and pay was up 4.4 percent year-over-year according to the November ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the anonymized ...