Will US inflation bounce back?
Monday 5th February 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS payrolls numbers on Friday showed a surprisingly large upswing, mirroring the ADP numbers earlier in the week. The data also showed a higher-than-expected increase in wages. NAB’s Ken Crompton says this puts paid to any hopes of a March rate cut, with the first fully priced cut expected in June. He adds there’s a chance that inflation data could be revised up a little later this week. The BoE’s Huw Pill meanwhile has been promoting the need to wait longer before cutting…
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