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Week Ahead – US CPI to test market nerves, RBNZ might cut rates
video The panic about the US economy being on the verge of a recession has mostly eased but markets remain jittery. Investors see a real risk that the Fed’s delay in cutting rates has made a downturn inevitable. Sticky inflation is the main reason why the Fed has stayed this cautious. But inflationary pressures finally seem to be receding in a more sustainable manner. Next week’s CPI report is expected to underscore this trend and in the absence of any surprises, the data may not do much in allaying the slowdown fears as the focus has shifted somewhat to the growth side of the story. But in the event that the ... (full story)