Softly softly

Monday 3rd July 2023
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Consumption data and the core-PCE inflation read both came in softer than expected on Friday, after a spate of stronger than expected economic data for the US. NAB’s Rodrigo Catril says there’s ot enough in these numbers for the Fed to change it’s current hawkish path, and markets moved only marginally lower in their expectations of the terminal rate, but what if it is compounded by weaker jobs data and falling wage growth on Friday? It’s all discussed in today’s podcast, plus Europe’s inflation remains sticky and a new head on the way for the PBoC.<br /> Hosted on Acast. See acast.com/privacy for more information.