The day after. No big bounce.

Thursday 15th September 2022

Yesterday, markets responded sharply to the higher-than-expected inflation read from the US. You might have expected a bit of a correction today as markets take stock of the news, but that didn’t really happen. As NAB’s David de Garis points out, there is still an expectation of sharp moves by the Fed, with the possibility of a 100bp rise still on the table. UK inflation fell back into single figures, but only because petrol prices have fallen. Today Australian employment numbers and US retail sales are the figures to look out for.

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