Head of Inv Strategy & Chief Economist, AMP. Into boats, pop music, economics, investing, my family..& being nice. I don’t solicit funds/spruik trading schemes
US services ISM strong at 55.4, but prices paid up
Initial jobless claims +2k and remaining low
Final Q2 productivity growth +1.4%annualised or 2.2%yoy leaving unit labour costs up 1.4%yoy which is easily consistent with the 2% inflation target.
(EvercoreISI & Bloomberg charts)