‘As expected’ brings a sigh of relief
US PCE deflators came in as expected but NAB's Sally Auld reminds us that the the six-month annualised rate is ticking up a little
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 1st March 2024
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Markets were relieved that the US PCE deflators came in in-line with expectations. But, as JBWere’s Sally Auld points out, the six-month annualised rate is ticking up a little, hence the desire by th Fed to see more data before committing to rate cuts. Ion a busy episode today we look at European inflation, Australian retail sales, house prices, Canada’s GDP and words from one BoJ governor suggesting the time is right to lift rates.
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