Patient Powell wants to wait and see

NAB Morning Call · May 7, 2025 · 16m

Thursday 8th May 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS equity markets took a hit when the Fed announced no change in interest rates, even though it was expected by just about everyone. Then shares picked up as Jerome Powell gave his press conference, in which he talked up the current state of the US economy and said they were in a good place to cope with whatever comes down the track. He was uncommitted on any future decisions, saying they will have to wait and see what impact tariffs have on employment and inflation. NAB’s Gavin…