Bassanese Bites: CPI test ahead – January 29 2024
Global markets*
My last Bassanese Bites blog of last year was on Monday 18 December.
At the time, I expressed hope that the ‘soft landing’ scenario for both the Australian and global economy appeared increasingly possible for 2024 – indeed, Fed chair Powell was close to popping champagne bottles as we headed into Christmas.
Fast forward to late January 2024 and the good news is that economic data over the holiday period remained broadly consistent with this best-case scenario for financial markets. My only concern is that is remains almost too good to be true!
