EPISODE · Aug 24, 2025 · 17 MIN
Who Let the Doves Out?
from NAB Morning Call
Monday 25th August July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABFed chair Jerome Powell surprise markets on Friday when his speech at Jackson Hole had a decided dovish tilt to it. Bond markets reacted but, as NAB’s ray Attrill explains, it didn’t move pricing too much for a September cut. The question is whether more will follow, particularly if the US President manages to oust Lisa Cook and get one of his sympathisers in there. If that forces a faster pace of cuts Ray believes markets will become concerned about inflation becoming unanchored. For now, though, equity markets are happy, particularly the Russell2000 which soared 3.9 percent on Friday. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Monday 25th August July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABFed chair Jerome Powell surprise markets on Friday when his speech at Jackson Hole had a decided dovish tilt to it. Bond markets reacted but, as NAB’s ray Attrill explains, it didn’t move pricing too much for a September cut. The question is whether more will follow, particularly if the US President manages to oust Lisa Cook and get one of his sympathisers in there. If that forces a faster pace of cuts Ray believes markets will become concerned about inflation becoming unanchored. For now, though, equity markets are happy, particularly the Russell2000 which soared 3.9 percent on Friday. Hosted on Acast. See acast.com/privacy for more information.
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Who Let the Doves Out?
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