Daily Alert: All eyes on the CPI

  • Market sentiment has been mixed overnight, with the key headlines once again coming from Washington DC.
  • The bond market looks to have taken Powell’s comments to heed, with yields falling across the curve with a flattening bias, equities have been decidedly mixed overnight.
  • The big highlight today is the Q2 CPI NZ reading out at 10am – a closely watched release as it gets closer and closer to crunch time for the RBNZ.

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