NAB Morning Call Less inflation and the world’s richest man
Sep 10, 2025
Rodrigo Catril from NAB, an expert in market economics, shares insights on the recent shifts in wealth among the world's richest individuals and the impact of declining U.S. producer prices. He discusses how US tariffs are affecting international oil purchases and China's deflationary trends. Catril also navigates the complexities of monetary policies in a fluctuating economy, examining the strength of the Australian dollar against global currencies and forecasting its future amid rising inflation.
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AI Spending Broadens Beyond Big Tech
- Oracle's surge reflects AI infrastructure spending shifting beyond big tech to wider vendors.
- Rodrigo Catril highlights corporate contracts for data management and cloud capacity as the catalyst.
PPI Drop Masks Mixed Inflation Signals
- US producer prices fell, but some components rose, suggesting mixed pass-through to consumer inflation.
- Rodrigo Catril warns margin squeeze from tariffs partly explains the drop and calls for CPI context tomorrow.
Watch Weekly Jobless Claims Closely
- Watch weekly US jobless claims for early signs of labour-market weakening that could force Fed action.
- Rodrigo Catril and Phil Dobby urge monitoring weekly prints for second-derivative labour trends.