Fed’s terminal rate, heading higher?

Tuesday 6th December 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIf you believe the ISM numbers this morning, the US services sector is growing faster than anticipated. Yet the PMI measure, supposedly monitoring exactly the same activity, showed the sector is slowing. So, who do you believe? NAB’s Tapas Strickland says markets were taking a more cautious approach before the ISM number after a WSJ article suggested the Fed might indicate a higher terminal rate at their meeting next week. A 25bps rise is expected from the RBA today even as indicators suggest private sector labour costs are rising. Hosted on Acast. See acast.com/privacy for more information.