Friday 13th January 2023
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As expected, US inflation numbers have lowered, but Fed speakers have been quick to point out that there’s still more work to be done, with further hikes, even if 50 or 75 basis point rises are not on the cards. NAB’s Tapas Strickland talks through the market response and expectations for where inflation and interest rates go from here. Meanwhile, a fall in China’s producer prices bodes well for helping inflation fall, whilst Australia has seen a big drop in job ads, likely to ease the influence of wage pressure on inflation. Markets will now look to the US earning season to answer the next big question, ‘what about growth?’
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