Investors are data dependent like their Fed counterparts and today’s CPI print offered nothing dastardly. As the first group maintains the outlook of cuts are coming, the latter is pushing back in their resolve to keep rates higher. Tomorrow’s FOMC will provide an update on those themes. Back to the CPI. The data was relatively inline as the core m/m rose 0.1% versus estimates of 0.0%, while the y/y was 3.1% (inline). The prints were not enough to shake the recent market momentum and equities r…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.