Softly softly
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Monday 3rd July 2023
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Consumption data and the core-PCE inflation read both came in softer than expected on Friday, after a spate of stronger than expected economic data for the US. NAB\\u2019s Rodrigo Catril says there\\u2019s not enough in these numbers for the Fed to change its current hawkish path, and markets moved only marginally lower in their expectations of the terminal rate, but what if it is compounded by weaker jobs data and falling wage growth on Friday? It\\u2019s all discussed in today\\u2019s podcast, plus Europe\\u2019s inflation remains sticky and a new head on the way for the PBoC.
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