As always, there's plenty going across financial markets this week. Here in New Zealand, we’ll get the latest migration estimates, as well as electronic card spending and a fresh monthly housing report. Markets will also be watching the Pre-election Economic and Fiscal Update (PREFU) from Treasury on Tuesday. The extent of deterioration in the economic outlook and a likely increase to the borrowing programme will be closely monitored. Elsewhere, the highlight of the economic week will likely be the August consumer price index report in the US, where a rebound in fuel prices is likely to see headline inflation push higher (while core inflation remains steady). This will follow recent releases that point to progress on the inflation front, as well as signs the labour market is easing, as we look ahead to the Federal Reserve meeting next week.
