Thursday 12th January 2023

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US inflation numbers are out today and the expectation is that they will fall. The markets, it seems, have already decided that inflation has peaked. Today on the podcast we ask, are we over the worst of it? In Australia hard times haven’t really started. NAB’s David de Garis talks about how we will weather the storm better than most, with the retail sector showing massive resilience (evidenced by yesterday’s data), tightness in the labour market likely to be moderated by increased immigration and the re-opening of China ready to ease supply chains. Nonetheless, NAB expects further rate rises from the RBA at the next two meetings.

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