US Trade Adviser Navarro says "we need to revise expectations on monthly job numbers"; not expecting weak jobs number
Newsquawk Staff ·
- The deportation of workers is having an influence on job data.
What it means
Navarro's comments suggest a potential shift in expectations regarding upcoming job numbers, indicating that current assessments may be overly pessimistic. The mention of deportation impacting job data highlights underlying labor market issues that could lead to notable variability in employment reports. This could affect monetary policy discussions and market sentiment around the USD as traders reassess growth trajectories.
- UK OBR forecasts GDP growth slowing from 1.25% in 2026 to 1.0% in 2027, while CPI inflation is expected to reach 3.5% in 2027 (vs prev. 2% seen in March)
- Italian PM Meloni’s government is set to pass EU-compliant budget for 2027, according to FT
- Japanese Finance Minister Katayama says watching market trends with a high sense of urgency
- UK Chancellor Healey is to reverse cuts to cash ISA allowances in which he will use Wednesday’s Budget to maintain tax-free limit at GBP 20,000 a year, reversing a plan by his predecessor Rachel Reeves, according to FT
- UK Chancellor Healey prepares to slash household gas bills by GBP 50, according to Telegraph
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