NAB’s Wellbeing Index rebounded solidly in the June quarter, after falling to its lowest point in the history of the survey. Pressures remain. But the effort required has eased.
Report
June 30, 2017
US Update: Inflation Watch – June 2017
Inflation has slowed recently even allowing for ‘one-offs’.
Overview:
- Inflation has slowed recently even allowing for ‘one-offs’.
- However, producer price inflation and wages growth do not show similar weakness, and the currency drag is fading.
- History warns against simply extrapolating recent inflation numbers into the future.
- However, we have made a downward adjustment to our inflation forecasts, which suggests there is downside risk to our current view of one more Fed rate hike at the end of 2017 and three more in 2018.
For further details please see the attached document
