US retail runs hot and inflation day for many
NAB Morning Call
English - July 16, 2024 20:41 - 17 minutes - 24.3 MB - ★★★★★ - 8 ratingsBusiness finance markets trading economics australia bonds shares commodities Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Wednesday 17th July 2024
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US retail numbers came in stronger than expected. Phil asks NAB’s Ray Attrill whether this could delay any moves by the Fed? Certainly, equity markets ae banking on cuts coming soon, with the rotation in stocks continuing and another strong session for the Russell 2000. Today the focus is on CPI. We’ve just had it for Canada, who seem to have it under control, and later we get it for the UK, where services inflation is putting up a fight, and New Zealand, where the economy is hanging out for a rate cut.
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