Return of the soft landing
Higher than expected US GDP and slower inflation. Phil asks NAB’s Tapas Strickland whether it will last and, if so, why are equities struggling so much?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 27th October 2023
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US GDP came in higher-than-expected driven by strong consumer spending. But the core PCE index grew at the slowest rate since Q4 2019. So, inflation cooling, consumption rising. Phil asks NAB’s Tapas Strickland whether it will last and, if so, why are equiites struggling to much? Meanwhile, there’s growing consensus that the RBA will lift rates. We look at what was said in front of Senate Estimates yesterday. And the ECB on hold. Did they have any choice? Plus, some more big earnings results from the US.
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