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b'Wednesday 10th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The long-awaited US CPI numbers are out today. NAB\\u2019s Rodrigo Catril most attention will be paid to the core reading, which excludes energy and food, the two factors which the Fed can have less influence over. If the core reading rises it shows the Fed has more work to do and that will only exacerbate recession fears. On that, we\\u2019ve seen the 2-10 yield spread falling ever lower to levels normally only ever seen ahead of recessions. China\\u2019s CPI and PPI reads will also be of interest today. There\\u2019s also discussion on today\\u2019s podcast on the NAB Business Survey yesterday \\u2013 how can business indicators be so strong, whilst consumer sentiment is falling?

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