Do the inflation and retail numbers cement in two cuts for the Fed?
US CPI numbers came in as expected, but the markets still acted surprised. NAB’s Taylor Nugent explain why, before looking ahead to Australia’s employment data today.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 16th May 2024
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US CPI came in broadly as expected overnight, but the markets reacted anyway. Perhaps they feared another upside surprise. NAB’s Taylor Nugent says the slowdown in retail numbers also raised expectations slightly that the Fed will squeeze in two rate cuts before the year is out. But what about the RBA? The wages data yesterday was helpful, but not enough to move the goal posts. What about the employment numbers today?
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