The expected cut from the Fed but, as NAB’s Gavin Friend explains on today’s Morning Call podcast, Jerome Powell was a little too hawkish for the markets.
A busy day – Phil Dobbie talks to NAB’s Rodrigo Catril about the Fed rate decision, Aussie inflation, European growth and CPI, the falling pound and Trump’s latest twitter spat against China.
What does the stronger than expected US GDP read last week mean for the Fed rate decision this week? I ask NAB’s Tapas Strickland. Plus, is it a week of trade deals going nowhere?
Markets have responded favourably to a better-than-expected headline CPI read in the US, but NAB’s Tapas Strickland says there’s no clear sign that the core figure is falling yet. It’s too early to call a peak on inflation. https://t.co/YWb7180LeQ
US CPI numbers are out later today. NAB’s Rodrigo Catril says the Fed will be focused on the core numbers, the factors that they can try and control. Plus, why did Australia see a positive outlook in the NAB Business Survey, but falling consumer sentiment. https://t.co/HtD3d6Um0e