The outlook for US indices is still bullish, but headwinds like stubborn inflation data, inflation expectations, a less inclusive rally, and a seasonal consolidation limit the extent that indices are likely to rise in Q3
US inflation cooled in Q2 as did economic growth, opening the door to a rate cut later this year. US yields have likely peaked, leaving the dollar vulnerable to a dovish repricing
The latest Core PCE data met market estimates across all readings leaving the US dollar rudderless going into the weekend.
The US dollar slipped lower today after data showed a slight softening of demand in the US economy.
May CPI indicator exceeds estimates, increasing chances of another RBA rate hike. Explore the implications for AUD with a closer look at AUD/NZD
