Word on the Street
Barclays' US labor market, HSBC's UK fiscal risks, and GS stablecoin adoption.
Time for a rundown of what’s been going on between the desks this week. The end-of-week spillover from the August US employment report naturally is a good place to start, with Barclays shifting its view on pending interest rate cuts as a result.
We also include HSBC’s take on the spike in Gilt yields and their scenario analysis for the autumn budget, along with a great read from Goldman on stablecoin and central bank digital currency adoption.
Let’s start with the Barclays economics team reviewing the payrolls report…
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