Asia

Expectations are for CPI to come slightly above June’s reading, but analysts warned investors were walking a fine line with a forecast-topping print likely to dent rate cut hopes and a too-weak read stoking economic fears. “I’d imagine, for equities at least, given the comfort blanket that the surge in September cut expectations has provided recently, that a hotter-than-expected figure could see some fairly sizeable downside,” said Pepperstone’s Michael Brown. While there have been warnings that the tariffs will stoke inflation, National Australia Bank’s Ray Attrill said: “The larger tariff impacts … probably will not be felt until August or…

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