Ken Crompton, NAB’s market economist, shares insights on the recent CPI data, revealing its potential to prompt multiple Fed rate cuts this year. He discusses how declining inflation is impacting bond markets, causing yields to fall across the globe. Crompton also highlights the surprising employment data from Australia, pondering whether it indicates a tight labor market or prompts a shift in the RBA's inflation views. The geopolitical ceasefire in the Middle East barely affected market responses, with optimism prevailing in equities and bonds.

Ken Crompton, a market economist at NAB, shares his expert insights on the current economic landscape. He discusses the weaker dollar and declining share prices ahead of Thanksgiving, highlighting how thin trading impacts markets. Ken analyzes the Reserve Bank of New Zealand's recent rate decisions and hints at possible future cuts. He contrasts this with the European Central Bank's cautious stance and explores inflation trends in Germany and Australia. Listeners gain valuable perspectives on shifting economic sentiments and monetary policies.