Happy Friday
Consumer spending is on the rise in the US. But is it sustainable, asks NAB's Sally Auld.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 29th September 2025
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Friday was a day of positivity in the US, with shares bouncing back and a higher than expected read on US personal spending. But NAB’s Sally Auld says inflation is still higher than where the Fed would like it. But we know Jerome Powell is also concerned about a weakening labour market, so that makes Friday’s non-farm payrolls particularly prescient. Sally and Phil also discuss Trump’s latest tariffs, the looming US government shutdown and a swag of data for Australia, along with tomorrow’s RBA meeting.
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