Markets bide their time, with soft US inflation and a Dovish Riksbank
Thursday 11th February 2021Markets have been fairly subdued on the back of soft inflation numbers in the US, and as investors hold off for any revelations from Jerome Powell as he addresses the Economic Club of New York. As it turned out he echoed the words of the Riksbank Governor \u2013 central banks, it seems., are in no rush to pull back on purchases or raise interest rates until full employment has returned. They\u2019ll even let the economy run hot for a while to ensure lower paid jobs also return. But, as NAB\u2019s David de Garis explains, inflation seems a way off yet, with soft numbers from the US and China. But metal prices are indicating an expectation that demand will pick up soon, however, with oil adding to its post-pandemic high.
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