Have inflation concerns peaked?
Friday 15th October 2021Markets have taken a more positive outlook overnight, with sharp rises in equities in the US and Europe. NAB\u2019s Gavin Friend says it\u2019s been helped by falling bond yields, showing that there\u2019s less immediate concern about rising inflation. That doesn\u2019t mean the problem has gone away, but company earning results in the US have been positive, and there will be some solace in the fact that the growth in producer prices (PPI) seem to have stalled, albeit at very high levels. On today\u2019s podcast we look at inflation in China (where PPI growth persists), the commodity and supply chain sagas, US jobless claims and yesterday\u2019s employment data from Australia. Today US retail numbers are the data to watch for.
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