Wednesday 17th August 2022
Central banks continue to keep a close eye on wages data. The UK has just reported a drop in wages growth, alongside a fall in new jobs. We’ll see Australia’s wage growth numbers later today, which NAB’s Rodrigo Catril says shouldn’t be a big rise this quarter, but expect more in Q3 and Q4. Also today, the state of US retail, Canada’s rising inflation (despite all the front-loading of interest rates) and what to expect from the RBNZ. A busy day.
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High stakes, higher prices, bigger hikes?
After the higher expected US CPI, many are now assuming a half percent rise at the next Fed meeting. If that’s the case, says NAB’s Gavin Friend on today’s Morning Call podcast, why wouldn’t the Fed be stopping QE in its tracks, right now.
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Turnbull says fibre to the premises makes sense, sometimes
Malcolm Turnbull, shadow communications minister, say that he supports fibre to the premises, so long as it’s affordable. That affordability varies from area to area.
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China numbers boosts risk appetite, but will it last?
Will the positive sentiment from China’s credit numbers flow over to this week. I ask NAB’s Rodrigo Catril on today’s Morning Call podcast.
