Wait a little longer
NAB has pushed back the expected timing of a rate cut next year. JBWere's Sally Auld explains why.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 15th November 2024
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Australian unemployment numbers just don’t want to move. JBWere’s Sally Auld explains why NAB now expects a cut from the RBA to be delayed beyond the first quarter of 2025 and might not even happen next year at all. It’ll be interesting to hear the spin from Fed speakers in the US now, after lower-than-expected job claims and a higher than anticipated PPI. After a December cut could the resilience in the economy coupled with Trump policies, delay any further cuts. Plus a preview of our Weekend Edition with FT’s Martin Wolf.
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