Fed feels its way slowly
Thursday 21st March 2024
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Inflation has eased, but not enough yet says Jerome Powell, as the Fed keeps rates on hold, and Fed members point to a slightly higher long-term nominal rate. NAB\u2019s Taylor Nugent dissects the announcement and the press conference, before looking ahead to the Bank of England. UK inflation yesterday was a little weaker than expected. But not enough to change the dial at the BoE. Services inflation remains persistently high. Also today, GDP for New Zealand and Australia\u2019s employment numbers. So, what would the RBA like to see today?
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