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US data too hot for the Fed?

NAB Morning Call

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Introduction

Strong data from the US overnight. Durable goods orders with strong housing, sales are rising and consumer confidence is strong. But is it all too good for the Fed? Is it the sort of good news that's going to be celebrated with more rate rises? Well they don't need strong data in Europe. Christine Lagarde has been hawkish at Cintra. Can you spot the other one out in that line up? You're not putting rates up? Really? Today, the 28th of June, 2023, it's the morning call from NAB.

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