NAB Morning Call

A Swift win for Kamala, and a rogue CPI print

Listen on

Episode notes

Thursday 12th September 2024

NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB

Kamala Harris “won“ the Presidential debate, by most accounts, and US core GDP showed a slight tick up last month. Neither bit of news really moved the markets. Harris still has to win the election and, although a rise in CPI may be concerning, the headline rate came down for the fifth month in a row. NAB’s Gavin Friend says it hasn’t changed the pricing for cuts by year end, it might just push back a 50bp cut further than next week. The ECB is expected to cut rates today, whilst the BoE will be balancing up higher job numbers this week, with another flat GDP read overnight.

---

Hosted on Acast. See acast.com/privacy for more information.