All eyes back on June with hopes of no payrolls surprise
Jerome Powell says they are close. The ECB has revised inflation forecasts lower. NAB’s Gavin Friend says all eyes are once again focused on June cuts on both sides of the Atlantic.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Friday 8tth March 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
NAB’s Gavin Friend says you only need to look at the falls we’ve been experiencing in yields lately to recognise that there’s a renewed acceptance that rates will be cut, probably by the middle of the year, in the US and Europe. At the ECB meeting Christine Lagarde talked about good progress being made on bringing down inflation, as they released a downgraded inflation forecast. In front of the sente Banking Committee in the US Jerome Powell talked about not being far from having the confidence to cut rates. That’s why all eyes are back on June. Of course, a surprise result in non-farm payrolls tonight could easily change all that.
Hosted on Acast. See acast.com/privacy for more information.