Divided we stand, sideways we move
There’s still some uncertainty about rate moves says NAB’s Taylor Nugent, with hawkish central bankers still offset by credit concerns and lag effects form data.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 17th April 2023
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There remains some confusion over how far and fast central banks will move, as banking concerns subside. As NAB’s Taylor Nugent discusses today, the Fed is sending very mixed messages, with Christopher Waller suggesting the fight against inflation has only seen sideways moves so far, whilst Raphael Bostic seems happy to pause after one more hike. Yet last week Golsbee and Daly were wondering whether any further hikes were needed at all. Locally, NZ inflation this week will be one highlight, and could be a useful guide for the direction of prices in Australia.
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