Who Let the Doves Out?
Monday 25th August July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABFed chair Jerome Powell surprise markets on Friday when his speech at Jackson Hole had a decided dovish tilt to it. Bond markets reacted but, as NAB’s ray Attrill explains, it didn’t move pricing too much for a September cut. The question is whether more will follow, particularly if the US President manages to oust Lisa Cook and get one of his sympathisers in there. If that forces a faster pace of cuts Ray believes markets will become concerned about inflation becoming…
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