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?
Equity markets pushed higher in the US on Friday. NAB’s Tapas Strickland says strong corporate earnings have helped, and a belief that the Fed will not be moving much further on rate hikes – even though Fed speakers are keen to suggest otherwise.