To pause, raise or skip the Feds dilemma
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Tuesday 13th June 2023
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It\\u2019s a busy week ahead, with the Fed, the ECB, the Bank of Japan all meeting, and not a clear picture of what any will do in terms of rate rises. The Fed\\u2019s decision might be partially impacted by US CPI numbers out today. NAB\\u2019s David de Garis says there is talk of a skip, rather than a pause. In other words, one meeting missed so economic indicators can play catch-up before the Fed returns on its upwards rate path. Meanwhile, there seems to be an increasing amount of softer data, suggesting slowdowns are starting to occur. It\\u2019ll be interesting to see if UK jobs numbers fall back because, despite concerns about UK growth, employment numbers have been holding up. Is tis the day they turn?
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