- US Productivity Revised Actual 2.2% (Forecast 2.2%, Previous 2.2%)
- US Productivity Revised Actual 2.2% (Forecast 2.2%, Previous 2.2%)
- US Labor Costs Revised Actual 0.8% (Forecast 1.25%, Previous 1.9%)
U.S. productivity came in line with expectations and remains strong, potentially influencing monetary policy over time, though it’s not an immediate market driver. A lower labor costs signals a disinflationary trend, reducing immediate wage-related price pressures.
BREAKING: US oil inventories fall more than expected, but distillate build cools enthusiasm
RBA turns increasingly hawkish as markets reprice November rate hike expectations โ๏ธ
Economic calendar: EIA oil report and US treasury auction in focus ๐
Morning Wrap (21.10.2026)