The Fed’s quandary: A soft landing but jobs plentiful
The FOMC meets tomorrow. Phil asks NAB’s Tapas Strickland what their message will be, given rising consumer confidence and job openings.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 31st January 2024
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We are less than 24 hours away from the next FOMC meeting. NAB’s Tapas Strickland says an indication that the Fed was dropping its tightening bias would help validate the higher expectations for cuts in market pricing. But will it happen? Even though inflation is falling, consumer confidence is also on the rise and there are more than 9 million jobs looking for employees. Also today we discuss Australia’s retail numbers yesterday, what we can expect in today’s CPI and the latest forecasts from the IMF, which paints a slightly rosier picture in their latest World Economic Outlook.
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