Year of the Rabbit. Ready for the bounce?
There’s still confusing signals around inflation and economic growth. But will the Year of the Rabbit pull something out of the hat? NAB’s Ray Attrill looks ahead to a week that includes inflation numbers for Australia and New Zealand.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 23rd January 2023
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As we enter the Year of the Rabbit the big question is, how big will the bounce back be in China? Could it push commodity prices higher and delay the slowdown in global inflation, as suggested by EBC’S Christine Lagarde on Friday? As NAB’s Ray Attrill points out, this is a big week for inflation data, including the US PCE deflator and CPI numbers for Australia and New Zealand. Last week’s soft employment numbers have already lefty many suggesting the RBA will be more dovish in its approach, with a significant drop in bond yields. So, what impact will the latest inflation numbers have this week?
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