Friday’s stagflation fears

NAB Morning Call · Mar 30, 2025 · 14m

Monday 31st March 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThis week will almost certainly be dominated by the implementation of auto tariffs into the US and the announcement of further tariffs on ‘Liberation Day’ on Wednesday. Whether it’s the impact of tariffs or not, consumer spending has slowed and inflation expectations rising in data that was out for the US on Friday. Yet labour data has been holding up so far - not what you would see in a stagflation economy. NAB’s Ray Attrill says we could see a delay in cuts from the Fed…