As expected, not worse than expected
b'
Thursday 11th May 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
US CPI has come in pretty much as expected, and yet we\\u2019ve seen falls in bond yields and increased talk of a Fed pause and rate cuts later in the year. NAB\\u2019s Ray Attrill says there was no doubt relief that the number didn\\u2019t go up. We\\u2019re heading in the right direction, albeit at a glacial pace. It\\u2019ll be a different story for the BoE this evening, with a 25bp rise expected, but how many more to follow? The ECB is also continuing its campaign of hawkish talk, with 4 more speakers in the next 24 hours. With a Fed on hold and the BoE and ECB still lifting rates, what does this do to the Aussie dollar?
Hosted on Acast. See acast.com/privacy for more information.
'