Wages, fuel, supply chains and a not-so-transitory inflation number
b'Thursday 14th October 2021US CPI numbers were a little higher than anticipated. NAB\\u2019s David de Garis says we did see some support for bond yields, but markets slipped back when it was realised the core inflation number was pretty line-ball with expectations. As we\\u2019re seeing around the world, prices are being influenced by fuel, supply chains and wages. This morning\\u2019s FOMC minutes contained nothing in the way of surprises \\u2013 it simply cemented-in the belief that the Fed will start tapering this year through to mid- 2022, but the timing of a rate rise seems less certain. UK GDP was also close to expectations, although manufacturing and construction were well down thanks to the \\u2018pingdemic\\u2019. We also look at China\\u2019s trade data on the podcast today and discuss Australia\\u2019s employment numbers out this morning.
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