RBA cuts, US inflation contained
• US CPI. Not as bad as feared US inflation supported sentiment overnight. US equities rose, as did US rate cut expectations. USD softer. AUD rebounded.• RBA change. RBA finally delivered another 25bp rate cut yesterday. A few more moves look to be in the pipeline based on the RBA’s new forecasts.• Data flow. AU wages out today & jobs report due tomorrow. China data released on Friday. US producer prices & retail sales on the radar later this week. Global Trends The latest read on US CPI inflation was in focus overnight and another ‘not as bad as feared’...