Gross Says U.S. Aug. Jobs Report Is ‘Weak’

The transcript discusses economic revisions, focusing on wage growth and inflation trends. It highlights the central bank's focus on inflation over job growth, noting the breakdown of the Phillips curve. The conversation shifts to interest rates, with a focus on global events like North Korea's geopolitical tensions and their impact on bond markets. The discussion also covers the influence of liquidity from the ECB and BOJ on global bond yields, comparing Japanese and European rates to US ten-year yields.

What factors are currently dominating Central bank thinking according to the text?

What is the significance of low unemployment percentages in relation to wages and inflation?

How has the core inflation rate changed over the past six months?

What economic data might influence Janet Yellen's decisions regarding the ten-year yield?

Discuss the impact of geopolitical events on global bonds as mentioned in the text.