Inflation in no hurry to come down, and neither is the US dollar

2024-11-13

Thursday 14th November 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe US dollar continues to push higher, with the AUD one of the main casualties. The PBoC is also clearly concerned about the weakness on the CNY. It’s not just the dollar that is staying high - US inflation is taking a while to come down. The CPI number overnight showed a slight uptick in the core rate, but this was expected, and markets seem to be reacting as t...

Thursday 14th November 2024

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

The US dollar continues to push higher, with the AUD one of the main casualties. The PBoC is also clearly concerned about the weakness on the CNY. It’s not just the dollar that is staying high - US inflation is taking a while to come down. The CPI number overnight showed a slight uptick in the core rate, but this was expected, and markets seem to be reacting as though they are relieved it wasn’t higher. As a result, pricing for a December rate cut increased slightly. Locally, the Australian Wage price Index slowed a little more than expected, but not enough of a move to change the timing for the RBA. NAB’s Taylor Nugent joins Phil to discuss all this, plus all the rest of today’s market news.

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