Powell slightly less than very hawkish

Thursday 1st December 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s been a busy session, with NAB’s Taylor Nugent claiming Jerome Powell’s speech this morning was slightly less hawkish than markets were expecting. But the Fed chair still talked about there being a way to go to fight inflation and the need for sustained evidence of falling inflation before the battle is won. Signs of easing inflation in Australia should also be treated with caution, with yesterday’s new monthly data susceptible to the volatility we don’t see in the quarterly numbers. In Europe though markets have reacted favourably to falling inflation with the expectation that a 75 bps hike at the next ECB is now much less likely. Hosted on Acast. See acast.com/privacy for more information.