US CPI not so soft, NABs new Q4 CPI forecast
Friday 12th January 2024
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US inflation was a little bit of a surprise. Whilst the headline rate was expected to rise a little, it came in higher than forecast, whilst the core rate didn\u2019t fall as much as had been hoped for. NAB\u2019s Ken Crompton says the Fed\u2019s super core measure is the part of the inflation picture that refuses to come down, all of which could impact the speed at which the Fed will bring rates down. Meanwhile NAB has revised the forecast for Q4 CPI for Australia on the back of this week\u2019s November data. It provides a CPI rate lower than the RBA\u2019s forecast, so does that mean we can expect rates in Australia come down faster?
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