Quietly Confident
A US public holiday means it’s a quiet start to a week, but NAB’s Taylor Nugent so the most interest this week could be on the next steps from the Bank of Japan.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 16th January 2023
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It’s a quiet start to the week, but markets in the US finished last week assuming that inflation has peaked and the Fed will go no further than a couple of 25 basis point hikes. The increasing expectation is that the US will weather the inflation curse without going into recession. That seems less likely for the UK, even with a surprise (but marginal) increase in monthly GDP for November. Today on the podcast NAB’s Taylor Nugent looks at the week ahead, including the possibility of a widening of the tolerance band in the Bank of Japan’s yield control curve, and Australian employment data later in the week – the ongoing tightness of the labour market will be very influential in future RBA rate decisions.
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