US CPI not so soft, NAB’s new Q4 CPI forecast
US inflation came in higher than expected, whilst NAB has revised down its forecast for Australia’s Q4 CPI. NAB’s Ken Crompton talks through the numbers.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Friday 12th January 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
US inflation was a little bit of a surprise. Whilst the headline rate was expected to rise a little, it came in higher than forecast, whilst the core rate didn’t fall as much as had been hoped for. NAB’s Ken Crompton says the Fed’s super core measure is the part of the inflation picture that refuses to come down, all of which could impact the speed at which the Fed will bring rates down. Meanwhile NAB has revised the forecast for Q4 CPI for Australia on the back of this week’s November data. It provides a CPI rate lower than the RBA’s forecast, so does that mean we can expect rates in Australia come down faster?
Hosted on Acast. See acast.com/privacy for more information.