Last minute nerves ahead of US inflation
Tuesday 12th March 2024
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US CPI is out today. A core monthly read of 0.3 percent is expected. JBWere\u2019s Sally Auld says that\u2019s too high to meet the Fed\u2019s target so we\u2019ll need to see CPI down to 0.2 percent over successive months before they can be certain they are on track. Japan\u2019s GDP growth was lower than expected, although the country is now officially out of recession, but only by the tiniest margin. Could the BoJ really be planning rate hikes in such an environment? Iron ore prices took a hit overnight, whilst gold and Bitcoin are at or near all time highs. There\u2019s clearly a lot of uncertainty out there.
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