A nervous overreaction?
Monday 15th May 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere was further nervousness in the markets at the end of last week. NAB’s Ray Attrill says a chunk of it came from the University of Michigan’s survey, which saw consumers raising the level they expected inflation to be at in five years’ time. It seemed an oversized response to a modest increase, but it is a statistic that the Fed likes to keep an eye on. The response could well be overturned by events this week, which include US retail sales, Canada’s CPI, UK labour market data…
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