As expected, not worse than expected
Thursday 11th May 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
US CPI has come in pretty much as expected, and yet we’ve seen falls in bond yields and increased talk of a Fed pause and rate cuts later in the year. NAB’s Ray Attrill says there was no doubt relief that the number didn’t go up. We’re heading in the right direction, albeit at a glacial pace. It’ll be a different story for the BoE this evening, with a 25bp rise expected, but how many more to follow? The ECB is also continuing its campaign of hawkish talk, with 4 more speakers in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.