US CPI surprise. The last mile just got longer
Thursday 11th April 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
US inflation is not coming down quickly. There\u2019s been a lot of evidence for that lately and the latest CPI numbers can be added to the list. The response from markets have been quite pronounced, with a significant rise in yields, a sharp climb in the US dollar and a fall in equities. NAB\u2019s Sky Masters says the moves reflect markets who have been holding out for a June rate cut \u2013 now reality has hit. The Bank of Canada and RBNZ both kept rates on hold, with a similar message that they need more time before considering cuts. It seems the ECB might be the first to cut \u2013 we\u2019ll get some fresh insights at their meeting later today.
Hosted on Acast. See acast.com/privacy for more information.