EPISODE · Mar 14, 2023 · 16 MIN
Back to Plan A (almost)
from NAB Morning Call
Wednesday 15th December 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIs it crisis over. As CPI numbers came out in the US showing the Fed still had more work to do, it seems the focus shifting back onto rate hikes and away from major concerns about bank stability. JBWere’s Sally Auld says it’s not a total retreat. After yesterday’s CPI and last week’s US payrolls there would have been every reason to expect a 50bp hike next week, but markets seem more set on 25bp. Today’s retail numbers will play into that decision. Sally says the RBA is lucky that it’s next meeting is not so imminent, but yesterday’s NAB business survey showed labour costs picking up a little, which is a concern. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 15th December 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIs it crisis over. As CPI numbers came out in the US showing the Fed still had more work to do, it seems the focus shifting back onto rate hikes and away from major concerns about bank stability. JBWere’s Sally Auld says it’s not a total retreat. After yesterday’s CPI and last week’s US payrolls there would have been every reason to expect a 50bp hike next week, but markets seem more set on 25bp. Today’s retail numbers will play into that decision. Sally says the RBA is lucky that it’s next meeting is not so imminent, but yesterday’s NAB business survey showed labour costs picking up a little, which is a concern. Hosted on Acast. See acast.com/privacy for more information.
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Back to Plan A (almost)
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