US re-acceleration possible but Aussie dollar weakness expected to continue.
Wednesday 23rd August 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Fed’s Thomas Barkin has warned that strong consumer data from the US lately could mean a reacceleration in inflation is possible although, as NAB’s Rodrigo Catril points out, he also suggested that if inflation does come down then America is likely to see a soft landing. Inflation could rise in Europe for a different reason, if we see a reemergence in rising gas prices. If the temporary peak we are seeing now becomes sustained. A rapid recovery in China looks less likely…
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