More tariffs and more stagflation fears
Wednesday 6th August July 2025
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The S-word has been used a bit overnight as the US ISM Services number showed falls in employment, new orders and rising prices. But, as NAB’s Skye Masters points out, the counter to that is the PMI number for the same month, which rose substantially. So, pick your number, or wait for the dust to settle. Meanwhile President Trump threatened more tariffs during a CNBC interview overnight. He’s already warned India that they face substantial extra tariffs over their…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.