Has US inflation peaked?
Wednesday 15th September 2021Inflation in the US has slowed. Is this a win for those arguing it is all transitory? Phil Dobbie asks NAB\u2019s Rodrigo Catril what this means for the Fed and expectations of tapering. Market moves aren\u2019t just a reaction to the US CPI, there\u2019s also a risk-off mood driven by increasing cases of COVID in China which could cause further supply disruption. The Aussie dollar is still weak after Philip Lowe\u2019s dovish speech at lunchtime yesterday. UK jobs numbers were strong but there are still a million job openings to be filled, by who? And today we\u2019re expecting to see weaker activity numbers from China.
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