Back to betting on the Fed; no pause for RBA?
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Thursday 17th November 2022
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Thankfully, World War 3 wasn\\u2019t started by that missile strike on Poland. Now markets are back to betting on how far the Fed will go, rather than NATO. As NAB\\u2019S Gavin Friend discusses yesterday\\u2019s US retail numbers shows greater resilience than anticipated, adding to the work of the FOMC to moderate demand. Moderating demand is less of an issue in the UK, where headline inflation has hit 11.1 percent and household pressures will be hit even more with a cost cutting, high taxing budget expected later today. On the home front, could the evidence of wage pressures yesterday be enough for the RBA to rethink any ideas of a pause in rates before Christmas?
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