Inflation, confidence and retail, merely temporary
Monday 17th May 2021Share markets are riding hi…
NAB Morning Call · NAB - The Morning Call
May 16, 202113m 31s
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Show Notes
Monday 17th May 2021Share markets are riding high again in the US despite a triple whammy of disappointing reports. First, retail sales ex-auto fell 0.8 percent in April, secondly consumer sentiment fell from 88.3 to 82.8, and finally inflation expectations have risen to the highest level in a decade. NAB’s Rodrigo Catril says investors are buying the Fed’s line that the recovery will see fluidity in numbers and rises in inflation are transitory. But we should also be looking at vaccination numbers, lockdowns and COVID infection rates to understand which economies will bounce back the fastest.
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