Daily Commentary BY THE CURVE TEAM –

Daily Insights: Wages Subdued

19th of August. 2021

Wages Still Sluggish

  • Wages grew 0.4% over the second quarter. Leaves the annual rate at 1.7%.
  • The rapid recovery of employment growth over Q2 did not translate to wages growth.

RBNZ Delay Hike

  • Covid cases in New Zealand prompted the RBNZ to not increase the cash rate.
  • The New Zealand dollar fell sharply as a result.

Fed Hold the Line

  • The Fed offered no timeline for Fed tapering.
  • They continue to talk about talking about tapering.

Josh Stewart

Associate - Money Markets