Episode Details

Today on The Open Bell: The US and China extended their trade truce by two months instead of the six months markets were expecting, and that gap between what everyone assumed and what actually happened is the whole story. America's economy just posted its strongest activity reading in five years, which sounds like great news until you realize that "strong growth" is exactly what's keeping interest rates, and mortgage payments, painfully high. Australia's jobs data dropped in the middle of the night, and depending on what it showed, millions of Australian homeowners could be staring down a third rate rise before Christmas. If today's episode helped things click, a five-star rating takes about ten seconds and helps someone else find the show. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:17 US-China Trade Truce Extended to Jan 10 as Xi Arrives in DC 02:42 US Flash PMIs Hit 5-Year High; Services Prices Surge to 2022 05:08 Australia August Jobs Data Released: Employment and RBA Hike 06:59 Closing thoughts

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