The CPI anticlimax, NZs rate worries and new highs for US shares
Monday 12th February 2024
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Talk about an anti-climax! Markets were on tenterhooks ahead of the revision to US CPI on Friday but, it turns out, there was nothing to see. NAB\u2019s Tapas Strickland points out that the revision was one basis point higher for the three-month average. Now markets can focus on the next CPI print, which is out this week. Friday\u2019s excitement in our region came from one bank\u2019s call for the RBNZ to raise rates in February and April. Michelle Bullock didn\u2019t rule out a rate rise for the RBA when she fronted up to parliament on Friday, but it seems unlikely. It\u2019s a quiet start to the week, with China on holiday for the New Year, but Tapas takes us through some of the data highlights for later in the week.
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