As expected, not worse than expected
Thursday 11th May 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS 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…
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