US inflation cools more than we dared hope
NAB Morning Call
00:00
The Fed's Policy at Work
The PPI for June is expected together as low as 2.6% a month a month, if I got that right. If it comes in at that or lower, then presumably that could add to the exuberance we're seeing. The big US banks on Friday, and we get more industrial companies in the next few weeks. Key will be around that kind of profit margin area. It'd be interesting to see where they ultimately end up, weren't it?
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