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Free AccessBailey said decided to wait at least 6 weeks for more labour market data
- Bailey said he's very uneasy about growth in the economy and the growth has started to flatten out. He's also just said the labour market looks tight. But the real puzzle is what happens at the end of the furlough scheme and we have little official data to go on. The anecdotal evidence suggests no real rise to unemployment, but we don't really know. He says the big question for me is will there be real pressure on wage expectations and wage negotiations and inflation expectations. He says, do we wait at least 6 weeks when we have more data or do we act now? Decided to wait for more labour market data.
- So that sounds very much as though December is in play.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.