Friday 7th August 2020
Equities are rising in the US, again. This time it’s a mix of positive data – including weekly jobless claims, which are down a little on the week before – and further hopes of a resolution on the fiscal stimulus. On today’s podcast we explain why this stimulus is so important to the US economy. President Trump has indicated if no deal is reached he will use his executive powers, but NAB’s Tapas Strickland isn’t so sure he’ll be able to, and suggests a deal will be struck soon. There’s also discussion on the Bank of England’s latest forecasts and those from the RBA, plus what to expect in the US non-farm payrolls tonight.