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?
On Friday Jerome Powell says its time to taper, but not raise rates. The labour market needs time to heal, he said. Meanwhile, NAB’s Ray Attrill says positive PMIs at the end of the week show whilst we have inflation, there’s no sign of stagnation. https://t.co/hxi5Tythzk
This from a US Congress woman. Is there no decency left in America?
.@AlecBaldwin are these still available?
Asking for a movie producer…