Will the RBA join the push to go higher?
To what extent will a more hawkish Fed see the RBA pushing further this year. JBWere’s Sally Auld speculates on today’s Morning Call.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 7th February 2023
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Markets have had a chance to digest last Friday’s US jobs numbers and are clearly expecting a more hawkish stance by the Fed. JBWere’s Sally Auld talks about the potential for a higher terminal rate from the Fed and a more aggressive stance by the RBA. The expectation is that today they will lift rates by 25 basis points, but there’s the outside chance they will go further and a reduced chance of them pausing after this meeting. Tomorrow morning the Fed’s Jerome Powell is talking and its unlikely he’ll do much to soften the market’s stance.
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