Tuesday 14th September 2025

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Markets are a little more cautious today a day out from the Fed. Maybe it’s been compounded by stronger tbhan expected data out of the us, particularly retail sales. Maybe less cuts will be needed. Phil asks NAB’s Rodrigo Catril whether we can expect some market repricing after the dots plot from the Fed tomorrow morning. And the Euro hit a 4 year high. And it’s not just the Fed in the next 24 hours; there’s also the Bank of Canada after a softer than expected CPI read overnight.

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