US higher for longer, RBA more dovish

Monday 13th November 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt seems the more dovish sentiment in the US has been reversed by Jerome Powell suggesting the Fed might have more to do to keep inflation in check. NAB’s Skye Masters says the weak 30-year auction on Thursday has also seen yields push lower, along with upward pressure on inflation expectations. Moody’s also moved the US outlook from rating from stable to negative, which might have impacted yields at the margin. In Australia the Statement on Monetary Policy provided revised forecasts for Australia, which could be used as an argument for more rate hikes. Yet the language of the Statement was quite dovish. No wonder markets are confused. The key release this week, is US CPI tomorrow. Hosted on Acast. See acast.com/privacy for more information.