The data of activity past has begun. This week’s payroll report is only one month and stale (Sept), but on the margin tempers some downside risk. Combined with the bulk of data coming after the Fed’s Dec meeting, a pause looks sensible. Asia views are upgraded, but possibly with a little too much verve.

Speakers:

Bruce Kasman

Joseph Lupton

This podcast was recorded on November 11, 2025.

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