3rd February 2022
- U.S. Private Jobs Plunged Last Month on Omicron, ADP Data Show
Business payrolls slump 301,000, most since April 2020
Leisure and hospitality, trade and transportation lead decline
https://blinks.bloomberg.com/news/stories/R6OIHUT1UM12
- Markets Face Next Big Test From U.S. CPI Data, UBS’s Kaiser Says
Kaiser flags uncertainty on impact of 7%-plus inflation print
He also says bulk of strong company earnings will have passed
https://blinks.bloomberg.com/news/stories/R6PAHCT1UM0W
- Global Bonds Rally as Meta, Growth Concern Fan Demand for Havens
Treasuries rally across curve as U.S. stock futures slide
Markets are volatile as hike bets tussle with growth concerns
https://blinks.bloomberg.com/news/stories/R6PHY3T0AFB9
- Yellen Puts Inflation Blame Elsewhere, Defends Biden Stimulus
On ‘transitory’ prices, could have used ‘maybe a better word’
Sees annualized monthly inflation at 2%-2.5% by year end
https://blinks.bloomberg.com/news/stories/R6OW6HDWLU7E
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