Part 2/9:
The episode opened with a rundown of the latest employment figures, revealing that the unemployment rate in September had fallen to 3.7%, the lowest since 1969. This is indicative of a strong job market bolstered by rising wages, which are up by 2.8%. The analysts noted the impact of higher wages on inflation, currently at about 2.7%, and reflected on how rising interest rates, with 10-year treasury bonds at a seven-year high, could influence investment decisions across markets.