US inflation hotter than expected
Wednesday 13th March 2024
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US inflation came in hotter than expected ion data out overnight, but NAB\u2019s Taylor Nugent says it was only marginally above expectations, rounding just makes it seem worth. It\u2019s not changing expectations for a June cut, he says. The NAB Business Survey provided more signs of why the RBA isn\u2019t in any rush to cut rates, with a reacceleration in business conditions. We also discuss what was said by the RBA\u2019s Sarah Hunter yesterday, the weakness in UK jobs and a Bloomberg story that has the BoJ on the cusp of lifting rates.
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