US inflation slowdown fuels party mood
US inflation fell further than expected. NAB’s Gavin Friend talks through the resulting party mood, with no reason for the Fed to hike again now.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesdsay 15th November 2023
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US inflation fell further than most expected – although NAB had predicted a downward surprise. NAB’s Gavin Friend talks about the market response, which has been felt in equities, bonds and the dollar. It follows two big drops in Eurozone inflation, adding to the view that the worst is over and central banks can start focus on dropping rates rather than lifting. The US CPI comes in the thick of a range of critical data, including UK employment, Australian wages data, UK CPI, Japan’s CPI and a plethora of China numbers too. No wonder the markets are busy, and keen to party.
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