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Monday18th August July 2025
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US retail sales remain resilient, but the same can’t be said for China. But the worry from Friday in the US is that inflation expectations are ticking higher. Meanwhile Japan’s GDP was firmer than anticipated, supporting the case for a BoJ hike, but when? NAB’s Rodrigo Catril is back with Phil to talk through the end of the week data, the repercussion s of the Trump Putin meeting and to look at the week ahead, including the Jackson Hole Symposium. Incidentally, it was a week out from Jacksom Hole that we launched the Morning Call in 2016 so this is, more or less, our ninth birthday.
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