EPISODE · Mar 7, 2023 · 16 MIN
RBA less hawkish, Powell more so. Big market response.
from NAB Morning Call
Wednesday 8th March 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABBig market moves overnight thanks to a slightly less hawkish RBA yesterday and a more hawkish sounding Jerome Powell in front of a US senate committee. NAB’s Rodrigo Catril says the RBA is still committed to further tightening but raised the potential for a pause in hikes, after yesterday’s 25bp lift. The usual caveat – that it’s all data dependent – still applies. It’s the same for the US of course, with payrolls on Friday and CPI next week two very influential data prints to look out for. Meanwhile Jerome Powell started his appearance overnight by saying “the latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated.” Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 8th March 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABBig market moves overnight thanks to a slightly less hawkish RBA yesterday and a more hawkish sounding Jerome Powell in front of a US senate committee. NAB’s Rodrigo Catril says the RBA is still committed to further tightening but raised the potential for a pause in hikes, after yesterday’s 25bp lift. The usual caveat – that it’s all data dependent – still applies. It’s the same for the US of course, with payrolls on Friday and CPI next week two very influential data prints to look out for. Meanwhile Jerome Powell started his appearance overnight by saying “the latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated.” Hosted on Acast. See acast.com/privacy for more information.
NOW PLAYING
RBA less hawkish, Powell more so. Big market response.
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.