US CPI today; all jabs are not equal

Tuesday 13th April 2021It’s been a fairly quiet session overnight, with bond auctions garnering a little less interest than last time, and more to come today. We also get CPI numbers for the US today. NAB’s Ray Attrill says the market is well prepared for a big jump in the yearly reading, but a significant upside surprise could raise questions about how transitory the rises are. Fed’s Bullard spoke about the potential to look at tapering of asset purchases when the US vaccine rate reaches 75% of the population. That’s assuming having the jab results in lower infection rates – Brazil is struggling to contain an outbreak after rolling out a vaccine with a low efficacy rate. NAB’s Business Survey is out today as well.

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