EPISODE · Jul 30, 2025 · 17 MIN
‘No preset course’ says Powell, as Fed waits longer
from NAB Morning Call
Thursday31st July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIf anything, the Fed was sounding slightly hawkish at today’s meeting, says NAB’s Tapas Strickland, erven though two dissenters voted for a rate cut. The fear and uncertainty around the inflationary impacts of tariffs is part of the problem, and markets are now seeing a September cut as more or less each way bet. A cut in the range of copper products that will be tariffed from tomorrow drove a sharp fall in copper prices today, but a reminder from the President that tomorrow is deadline today and there will be no extensions (except for those already agreed of course). Meanwhile, strong earnings from Meta and Microsoft after the US close. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Thursday31st July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIf anything, the Fed was sounding slightly hawkish at today’s meeting, says NAB’s Tapas Strickland, erven though two dissenters voted for a rate cut. The fear and uncertainty around the inflationary impacts of tariffs is part of the problem, and markets are now seeing a September cut as more or less each way bet. A cut in the range of copper products that will be tariffed from tomorrow drove a sharp fall in copper prices today, but a reminder from the President that tomorrow is deadline today and there will be no extensions (except for those already agreed of course). Meanwhile, strong earnings from Meta and Microsoft after the US close. Hosted on Acast. See acast.com/privacy for more information.
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‘No preset course’ says Powell, as Fed waits longer
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