Higher than expected US CPI fails to move markets
Did US markets expect CPI to be higher than expected? NAB’s Tapas Strickland explains why that’s not as crazy as it sounds.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 14th September 2023
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Even though US core CPI came in higher than expected, there was little movement in bond and currency markets. NAB’s Tapas Strickland explains how the market can sometimes expect more than expected! Plus, weaker GDP numbers for the UK. Are they entering into a recession? And will softer data in Europe recently mean a pause by the ECB. NAB isn’t expecting it. Plus what the latest NAB spending data tells us about the state of the Aussie economy right now, ahead of labour market data today.
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