NAB – The Morning Call · Revised Aussie Growth Forecast and a Fed-Treasury Spat
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Revised Aussie Growth Forecast and a Fed-Treasury Spat

By phildobbie — 2 years ago

Monday 23rd November 2020

NAB has revised its forecasts for growth in the Australia economy. NAB’s Tapas Strickland talks us through it, plus Josh Fryenberg’s plans to boost invest from larger corporations. Meanwhile, markets continue to respond to COVID-19 infection rates, punishing equities in the US, with growth switching to Europe. There’s been a spat between the US Treasury and the Fed with Steve Mnuchin wanting to see the Fed return unused funds from emergency lending programs. And stand by for a Brexit deal – something has to happen this week, surely.

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Phil Dobbie
phildobbiePhil Dobbie@phildobbie·
4h

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.
https://t.co/kfx64QYyFS

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phildobbiePhil Dobbie@phildobbie·
4h

If postal workers go on strike, I wonder how many people will switch to paper bills from their energy companies :)

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