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With substantial wage growth still absent from the June US non-farm payrolls report, markets may now 'pivot' from jobs data to inflation. Stephen also comments on how the global tightening chorus by major central banks could impact monetary policies in emerging economies.
G20Donald TrumpChinaNorth Koreatradeclimate changeFedFederal Reservenon-farm payrollsinflationrate hikebalance sheettaper tantrumsteelprotectionismJanet YellenCPINFPrich asset valuationsBNMBank Negaraglobal tightening chorushawkishmonetary policydata dependentUS dollarringgit
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