Doves wings clipped

Tuesday 26th August July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe initial excitement over a seemingly dovish Jerome Powell on Friday has subsided at the start of the week. Bond yields are rising, and equities are falling. NAB’s Rodrigo Catril says Powel was really quite hawkish in his tone, with a weak jobs report or higher inflation (or both) likely to dampen expectations around the number of cuts this year. Meanwhile, Elon Musk is suing Apple and OpenAI, the Trump administration is threatening sanctions on Europe over their digital services taxes, and there’s a vote of no confidence in the French government. Hosted on Acast. See acast.com/privacy for more information.