Bassanese Bites: Immaculate disinflation? – November 14 2022
Week in review
By far, the key market highlight over the past week was the lower-than-expected October US Consumer Price Index (CPI) report. Core inflation (excluding food and energy) rose by only 0.3% over the month compared with market expectations of 0.5%. After a number of higher-than-expected results in recent months, this was enough to send stock and bond prices flying higher. The US Dollar also slumped while the Australian Dollar surged.
