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The increase in job numbers, almost double what was forecast, is positive news for the unemployed, but may diminish expectations of an RBA rate cut.
He singled out rising unemployment claims, increases in debt delinquency rates, and what seems to be cooling in consumer spending.
‘There seems to be a large number of persistent inflationary pressures, which may likely continue,’ Mr. Dimon wrote.
Economists have cautioned against lowering interest rates before May and only doing so gradually thereafter.
The Internal Revenue Service (IRS) has announced what its various interest rates for things like underpayment of taxes will be for the 1st quarter of 2024.
Many mortgage-holders are yet to experience the impact of the bank’s two-year long cycle of interest rate hikes, paused in September.
