OPEC happy to spoil the party
b'
Monday 3rd April 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Inflation is showing signs of slowing in the US, with a lower than expected Core PCE deflator read on Friday. NAB\\u2019s Tapas Strickland says this was the primary reason for a fall in bond yields on Friday. But models pointing to lower headline inflation driven by lower energy costs will be in need of a revision today, as OPEC+ announce a daily 1.2 million barrel cut in oil production from next month. The announcement was unexpected. It\\u2019ll add pressure to European economies, where core inflation rose slightly last month. On todays podcast we look ahead to the RBA and RBNZ this week, and the consequences of the Aston by-election result over the weekend.
Hosted on Acast. See acast.com/privacy for more information.
'