Soft landing, slow road back
The Fed lifted interest rates, the ECB is expected to do the same. But NAB’s Ken Crompton says the RBA are likely to hold, after yesterday’s softer than expected CPI numbers. Listen in for the detailed picture.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 27th July 2023
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The FOMC lifted interest rates by 25bp as expected, and the ECB is expected to do the same tonight. But in each case, it’s unclear where the central banks go next. But NAB’s Ken Crompton says the RBA is unlikely to lift rates next week, given the softer than expected Australian CPI print yesterday. But again, it’s unclear where they go from there. There were no strong market moves during or after Jerome Powell’s Fed press conference this morning. He clearly didn’t want to appear too dovish or too hawkish, just data dependent. He did reiterate his personal belief that the US will navigate a soft landing. Listen in for more on what was said.
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