Today’s Focus Goes to US Inflation Numbers

<p>Markets UK Gilts outperformed yesterday following the latest labour market report. Job losses and a fresh uptick in the unemployment rate (4.3%, highest in 2 years) outweighed accelerating wages. It strengthens the UK stagflation case in which the Bank of England will soon err on the dovish side of expectations. A (final?) 25 bps rate […]</p>
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