062 – Inflation continues to moderate as we head towards next Fed meeting

<p>In this week’s podcast FXCM senior market specialists, Nik and Russ, talk about:</p> <p>· CPI came as expected. Headline was at 6.5% (6.5%). Core was 5.7% also around expectations, lowest reading in over a year.</p> <p>o Following release, CME Fed watch tool had over 90% chance of 25bps.</p> <p>o Markets are loose, worth watching.</p> <p>o Brainard, Waller and other speaking this week.</p> <p>§ Will they talk hawkishly or not?</p> <p>o Harker from Philly maintained 25bps.</p> <p>· World Bank 2023 GDP growth slashed.</p> <p>· Banks earnings: markets reacted positively but some questions.</p> <p>o Dealmaking is down.</p> <p>o Credit costs are up</p> <p>· Bank of Japan – will they abandon yield curve control?</p> <p>o 50bps has already been breached.</p> <p>· CPI: CAD, UK, Eurozone.</p> <p>· Wed PPI à in relation to CPI</p> <p>· Retail sales: &nbsp;US, CAD, UK</p> <p>· NFLX on Thur (first of FAANGS)</p>