US data rattles markets
• US macro. US growth & inflation concerns rattled market nerves on Friday. Equities & bond yields declined. USD a little firmer. AUD & NZD slip back.• Policy trends. RBA still looks to be on a different path to many other central banks. This can be AUD supportive on a few of the major AUD-crosses.• Event Radar. In Australia the monthly CPI indicator is due (Weds). Offshore, several US Fed members speak & the PCE deflator is released (Fri night). Global Trends The state of play in the US economy rattled a few market nerves on Friday. Risk sentiment soured...