US inflation data doesn’t change the game
Wednesday 13th December 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIn numbers out overnight the headline US CPI rate fell a little, but no more than expected, whilst core inflation remained stuck at 4%. JBWere’s Sally Auld says it again showed the dichotomy between core goods, which fell 0.3% in the month, and services which rose 0.5% in the month. It’s not expected to change the Fed’s decision tomorrow, or the outlook for cuts in the first half of 2024, but that could change with the dots plot from the FOMC. Elsewhere, the latest ZEW…
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