US inflation cools more than we dared hope
NAB Morning Call
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The Bank of England's Failure to Hire High Rates
There's some expectation that maybe the Bank of England is not going to go as far as we thought they would do perhaps a couple of days ago. Some notions of fiscal stimulus and some stabilization in the property sector has been part of the reason why the Aussie has started to recover. China's balance of trade, UK GDP, which is expected to show a slide in the three month average,. plus industrial production for the euro area.
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