US inflation cools more than we dared hope
Markets responded strongly to the bigger than expected fall in US inflation. NAB’s Tapas Strickland delves into the numbers, looks at the market response and what it means for the Fed.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 13th July 2023
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There was quite a response to the cooling in US inflation last night, pushing US equities to 15-month highs and sending bond yields lower. NAB’s Tapas Strickland delves into the CPI numbers and the market reaction, and what it means for future expectations from the Fed. There’s also discussion about Philip Lowe’s speech yesterday, giving the RBA’s response to suggested reforms for Australia’s central bank. Plus, decisions from the RBNZ and the Bank of Canada. Today’s data highlights include China’s trade balance and the US jobless claims.
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