Markets Today: False hope on easing inflation?
It was all about US CPI overnight with markets reacting sharply to a lower than expected print with Equity and FX markets taking the CPI miss as a positive signal, taking some pressure off the Fed and a sign that inflation has peaked.
AMW: Job ads look to have topped out – what does it mean?
In this Weekly we look at job ads in more detail to see what they may be portending for activity, and we also cross check the data with other information.
Markets Today: Markets in Limbo
China is continuing its military drills around Taiwan, but that hasn’t impacted markets apart from gold (+0.7% to 1,787.61) retaining some slight geopolitical risk premium.
MT: Pelosi in Taiwan, Fed nowhere near almost done
In Australia, the RBA met yesterday and raised the official cash rate by 50bps to 1.85% as expected, the third consecutive 50bps increase to be at its highest level since April 2016.