Trump will make the call on tariffs, but not interest rates
Trump’s statement about less negotiation on tariffs has spooked markets today. NAB’s Sally Auld talks through the reaction and looks ahead to the Fed tomorrow.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Wednesday 7th May 2025
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The US President has made it clear there won’t be negotiations back and forth on tariffs, he’ll simply make the call. NAB’s Sally Auld says that accounts for most of the uncertainty in markets today, with big falls in equities again. The US dollar is weaker again, with the Aussie gaining some strength. The repricing in Asian markets, including the ‘violent repricing of the Taiwanese dollar’, will drag the Aussie higher in the process, says Sally. Today all eyes will be on the FOMC meeting, early tomorrow morning Australia time. It’ll be more about the words in the statement than the decision itself, which is firmly priced for a hold.
Hosted on Acast. See acast.com/privacy for more information.