NAB’s Ray Attrill explains the response to Powell’s Jackson Hole speech and the implications from Shinzo Abe’s resignation last week.
Podcasts and other audio content from Phil Dobbie
Jerome Powell talked about the Fed’s new approach, aiming to keep inflation average two percent. NAB’s David de Garis says that means they will allow inflation to rise higher – very different to the approach of the ECB. But does it matter, when inflation has been so low for so long?
Equities hit new highs in the US again, on the back of positive data and despite rising tensions with China and the dangers posed by Hurricane Laura. NAB’s Rodrigo Catril also talks through expectations from the virtual Jackson Hole symposium.
Shares have been up and down on the forlorn hopes of a stimulus deal. NAB’s Gavin Friend says as the mood darkens, minds are focused on Capitol Hill for any signs of hope. https://t.co/x4u78b3BZo