US inflation hotter than expected
US inflation has stayed higher than expected. NAB’s Taylor Nugent says the rebound was only marginal and doesn’t jeopardise the chance of a rate cut in June.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 13th March 2024
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US inflation came in hotter than expected ion data out overnight, but NAB’s Taylor Nugent says it was only marginally above expectations, rounding just makes it seem worth. It’s not changing expectations for a June cut, he says. The NAB Business Survey provided more signs of why the RBA isn’t in any rush to cut rates, with a reacceleration in business conditions. We also discuss what was said by the RBA’s Sarah Hunter yesterday, the weakness in UK jobs and a Bloomberg story that has the BoJ on the cusp of lifting rates.
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