Inflation Day
Markets are a bit jittery ahead of tonight’s US inflation numbers but NAB’s David de Garis says the Fed is trying to highlight that inflation is on track to fall, even if this read is an upside surprise.
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Show Notes
Thursday 10th November 2022
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It’s inflation day. The CPI print is out from the US late tonight Australia time. On today’s podcast NAB’s David de Garis talks about the impact if the number is a little higher than expected. The Fed’s John Williams said overnight that the news for the US is “mostly good”, suggesting longer-run inflation expectations have remained remarkably stable. No doubt his goal was to prevent an overreaction to the numbers tonight, which will be followed by a slew of other Fed speakers in the hours that follow. There’s also a discussion about China’s producer prices on the podcast. They’re falling. Could we see China started to export deflation again? Not if they keep locking cities down.
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