NAB – The Morning Call · Treading water, but inflation expectations are on the rise again
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Treading water, but inflation expectations are on the rise again

Wednesday 28th April 2021

Markets are treading water ahead of the FDOMC meeting tomorrow morning, but there’s been a sudden rise in bond yields in the US which, NBA’s Rodrigo Catril, suggests inflation is still a concern, as optimism around a vaccine driven recovery escalates. But inflation is less of a concern in Australia – we get the CPI numbers today, Rodrigo tells us what to expect. There’s also discussion around what the Fed will say tomorrow morning, and why share prices aren’t always responding to earnings results which are generally beating expectations. Tesla, Microsoft and Alhabet are the latest to outperform. Has the market reached a peak for now?

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