Let the good times roll
• Upbeat vibes. Largely as expected US CPI reinforced US Fed rate cut thinking. US equities rose. USD softer. AUD touched a 10-month high.• US cuts. US Fed looks set to cut rates next week. A steady downshift should unfold, in our opinion. This is a medium-term USD headwind.• Data flow. On top of the US Fed meeting next week China data is due (Mon), as are US retail sales (Tues night). AU employment also scheduled (Thurs). Global Trends Markets remain in a jovial mood with the prospect of lower US interest rates supporting risk sentiment and keeping the USD...