US inflation is higher than expected. NAB’s Rodrigo Catril says it remains to be seen whether the Fed is right that its transitory. And a jab slow-down for Europe as the J&J vaccine is put on hold.
US CPI numbers came in much higher than expected, with a swift market reaction. NAB’s David de Garis says the bond market reaction has been mature, but you could argue that the equity market has overreacted. Listen to why: https://t.co/UbdAjb9zja