Fed up, then what?

NAB Morning Call · May 3, 2023 · 17m

Wednesday 4th May 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe FOMC has met, lifted rates and there are suggestions of a pause. NAB’s Gavin Friend says its all down the removal of one the line from the policy statement: “some additional policy increases might be appropriate”. With that gone there was an immediate assumption that the Fed will stop lifting rates, but Jerome Powell seemed a lot less dovish in the press conference that followed. Listen in for a rundown of the decision and the takeouts from what followed. Next, it’s the ECB…