Do the inflation and retail numbers cement in two cuts for the Fed?

Thursday 16th May 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS CPI came in broadly as expected overnight, but the markets reacted anyway. Perhaps they feared another upside surprise. NAB’s Taylor Nugent says the slowdown in retail numbers also raised expectations slightly that the Fed will squeeze in two rate cuts before the year is out. But what about the RBA? The wages data yesterday was helpful, but not enough to move the goal posts. What about the employment numbers today? Hosted on Acast. See acast.com/privacy for more information.