Digesting the Fed’s Transitory Inflation Assumption
The Fed has highlighted the risks from uncertainty, but NAB’s Rodrigo Catril says markets were also responding to Jerome Powell’s views that the inflationary impact of tariffs will be transitory.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 21st March 2025
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One of the takeouts from yesterday's FOMC meeting was Jerome Powell's view that the impact of tariffs on inflation is likely to be transitory. NAB’s Rodrigo Catril says markets are still expecting two or more cuts this year as a result. Today he looks at the market reaction to the Fed meeting, what happened at the Bank of England, and why Australian employer numbers yesterday were such a big miss.
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