Bouncebackability
Markets believe central banks are close to their peaks, with NAB’s Gavin Friend saying the Australian economy could be one of the leaders in bouncebackability – if there is such a word.
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
Thursday 8th December 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
US bond yields fell further overnight as US wages data showed slower growth than anticipated, adding to hopes that the Fed won’t be as aggressive as they’ve been letting on when it comes to future hikes. NAB’s Gavin Friend says that does seem to be the mood of the moment. Whilst the Bank of Canada raised rates by 50 basis points – when many had considered 25 was likely – it was a dovish rise, with suggestions that they won’t be doing too much more. The RBA is moving in smaller increments, and whilst a pause is not on the cards for the next few months, it could be that they too won’t move far beyond March, with Australia potentially leading the way in bounceback-ability, says Gavin. Further reopening news from China helped with this sentiment.
Hosted on Acast. See acast.com/privacy for more information.