A momentary change of direction
Tuesday 5th December 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
With shares falling and bond yields rising, markets might have taken a step too far when it comes to anticipating the timing of rate cuts next year, but NAB\u2019s Tapas Strickland says cuts are still expected. They have just priced in a little more risk ahead of a series of key data releases this week, including payrolls (Friday) and services ISM (today). The RBA meets today and the accompanying statement could be a little dovish, given weaker inflation data, but there\u2019s resilience in consumer and housing data that makes NAB believe a February hike is still likely. As well as the US Services ISM tonight, there\u2019s also the JOLTs numbers (job openings and quits) which has had the power to move markets recently.
Hosted on Acast. See acast.com/privacy for more information.