Inflation in US under control, UK has problems
Wednesday 14th JUne 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe CPI numbers from the US yesterday showed core inflation is roughly in-line with expectations, raising hopes that the FOMC will pause rates at their meeting on Thursday. Shares are higher in anticipation. It’s a different story in the UK tough, where a tight labour market continues to cause problems. Yesterday’s employment data saw unemployment fall, whilst wages increased further. NAB’s Taylor Nugent says two-year yields in the UK shot above the level reached during the…
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