Aussie dips, UK braces itself, Powell ready for a grilling
NAB Morning Call
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Jerome Powell's July FOMC Meeting
The UK gets its CPI number today ahead of the Bank of England. The key thing for the CPIs, if it prints a little bit above the expectations, then I think that's going to start markets thinking more that the BLE could hike by 50 basis points. Jerome Powell is fronting up to the House Financial Services panel and we will be trying to figure out just how hawkish he is in reality.
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