NAB – The Morning Call · Oil Higher and RBA’s Lowe-down

Oil Higher and RBA’s Lowe-down

Tuesday 14th September 2021

Markets are a little mixed ahead of today’s US CPI numbers. But, just how important are these numbers when the Fed is far more focused on returning the country to full employment. NAB’s Tapas Strickland says supply-led inflation is allowing the Fed to be more accommodative for longer. Oil prices hit a six week high overnight, based on supply constraints and OPEC’s expectations for increased demand. Besides US inflation numbers, the focus later will be on UK jobs numbers and, at lunchtime, a speech by the RBA’s Philip Lowe.

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