Breakfast briefing: Inflation in retreat

Here's our summary of key economic events overnight that affect New Zealand, with news inflation seems to be in retreat in all major economies. But excluding food and energy costs, American inflation was up +5.3%, so inflation clearly isn't beaten yet. Faster-falling inflation levels, no matter which index you choose to watch, does support the idea that the Fed may choose to pause its current cycle of monetary tightening. German economic sentiment also stopped falling in the latest ZEW survey. But the NZ Government 10 year bond rate is still at 4.55%, and little-changed.