Wednesday 27th October 2021
Former US Treasury Secretary Larry Summers took to Twitter yesterday to challenge Janet Yellen over inflation policy, suggesting the risk of losing control of it is higher than at any time in his career. Today, NAB’s Rodrigo Catril talks more about the rising inflation sentiment, with inflation expectations in the US now at a 13 year high. The expectation of a rate hike is being brought forward around the world, but the RBA (and NAB) are not expecting that to happen in Australia. Will this morning’s CPI numbers change that view?