Resilient inflation pushes yields higher and sends stocks in a spin
US CPI adds to the pressure on the Fed. Whilst Taylor Nugent talks about NAB’s revised rates call for the RBA.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 15th February 2023
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US inflation was shown to be moving down slower than many had hoped, sending bond yields higher. NAB’s Taylor Nugent says it cements in expectations for two more 25 basis point rate hikes in March and May. NAB has also announced a revised rates call for the RBA, which is discussed on today’s podcast. Plus, employment refusing to move down in the UK or across the OECD. And US retail numbers today are expected to show growth, despite the squeeze from the Fed.
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