Soft landing, slow road back
NAB Morning Call
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The Fed's Q&A Growth Rate for June
Don't get too comfortable with those rate cuts that are priced in from early next year. Jerome Powell was quite clear that they could continue doing quantitative tightening next year, even if they did cut rates. We do think the RBA will pause in August on the back of this CPI number. Also over nine new home sales for June down 2.5%.
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