Slowdown fears spoil the party
Friday 17th November 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABSo, after the excitement of softening inflation in the US comes concern that its being accompanied by a delayed slowdown in the economy. That was certainly reflected in some of the second tier US data, and could explain a further fall in oil prices. NAB’s Tapas Strickland says Walmart reported weak sales too in October but highlighted an expected period of deflation in the months to come. Put all the pieces together and markets are increasing the expectation for rate cuts next…
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