EPISODE · Aug 22, 2023 · 17 MIN
US re-acceleration possible but Aussie dollar weakness expected to continue.
from NAB Morning Call
Wednesday 23rd August 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Fed’s Thomas Barkin has warned that strong consumer data from the US lately could mean a reacceleration in inflation is possible although, as NAB’s Rodrigo Catril points out, he also suggested that if inflation does come down then America is likely to see a soft landing. Inflation could rise in Europe for a different reason, if we see a reemergence in rising gas prices. If the temporary peak we are seeing now becomes sustained. A rapid recovery in China looks less likely by the day, but they at least have a plan, for a tech driven future where, supposedly, most of the existing growth is coming from. Still, that’ll take time – part of the reason NAB has revised it’s forecasts for the Aussie dollar. We talk through the revisions on today’s podcast. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 23rd August 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Fed’s Thomas Barkin has warned that strong consumer data from the US lately could mean a reacceleration in inflation is possible although, as NAB’s Rodrigo Catril points out, he also suggested that if inflation does come down then America is likely to see a soft landing. Inflation could rise in Europe for a different reason, if we see a reemergence in rising gas prices. If the temporary peak we are seeing now becomes sustained. A rapid recovery in China looks less likely by the day, but they at least have a plan, for a tech driven future where, supposedly, most of the existing growth is coming from. Still, that’ll take time – part of the reason NAB has revised it’s forecasts for the Aussie dollar. We talk through the revisions on today’s podcast. Hosted on Acast. See acast.com/privacy for more information.
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US re-acceleration possible but Aussie dollar weakness expected to continue.
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