Let’s get gradual
Friday 23rd August 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABBond yields are higher, the dollar has fallen and US equities are lower. Markets have switched direction over the last 24 hours. NAB’s Ray Attrill says there are three reasons for the reversal – the latest PMI data, central bank speak and expectations for the outcome of the US election. The rhetoric from Fed speakers has been around a more gradual approach to rate cuts. It’s also the start of the Jackson Hole Symposium. It’s just like the Oscars for central bankers, without the…
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