Taking McCarthy at his word
Friday 19th May 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets are buoyed this morning by comments from US Republican House Speaker Kevin McCarthy that he sees a path towards a deal with the Democrats over the US debt ceiling. That’s pushed equities and bond yields higher. NAB’s Ken Crompton says it would be premature to suggest that yesterday’s weaker employment numbers would impact the path of future hikes from the RBA, just as the latest data from the US is too choppy to draw any conclusions on what it means for the Fed. But it seems…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.