Are the US, UK and Europe all looking at June?
Thursday 22nd February 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The FOMC minutes this morning didn\u2019t provide many surprises, except warning that inflation could pick up and more evidence was needed. All reasons to delay cuts until, possibly June. Meanwhile, as NAB\u2019s Gavin Friend points out, the ECB has almost committed verbally to a June cut. Now we\u2019re seeing louder voices inside the BoE warning that delaying cuts will have harmful impacts on the economy, which has the potential to also move to a June cut. No such luck with the RBA though. Yesterday\u2019s wage inflation data, even though it came in almost as expected, it\u2019s still too high for the policy makers to feel comfortable.
Hosted on Acast. See acast.com/privacy for more information.