US data too hot for the Fed?
Wednesday 28th June 2023
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There was strong data from the US overnight, with a lift in durable goods orders, housing sales rising and consumer confidence also strong. NAB\u2019s Skye Masters says the Fed won\u2019t take any delight in these numbers so late in their tightening cycle. Meanwhile, Christine Lagarde gave a hawkish speech at Sintra. But maybe the Bank of Canada can take a rest, with core inflation a little lower than expected. Today Australia\u2019s monthly CPI report is out, and the clash of the central bankers on a panel at the close of the Sintra symposium.
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