Investors are nervous about US CPI data and potential RBNZ rate cuts.

From Investing.com: 2024-08-09 09:16:00

The US economy is easing but concerns remain as investors worry about the Fed’s decision on rate cuts. Inflation pressures are finally diminishing. The upcoming CPI report will be crucial, with expectations of slowing rates. A surprise in the numbers could impact rate cut expectations. Sterling faces a busy week with UK labor market, CPI, GDP, and retail sales data to be released. The RBNZ may cut rates with expectations of lower inflation. The Aussie is rebounding with the RBA holding rates steady. Japanese GDP data could boost yen bulls. Market watchers await Chinese indicators for impact on the Aussie.



Read more at Investing.com: Week Ahead: US CPI to Test Market Nerves, RBNZ Might Cut Rates