‘No preset course’ says Powell, as Fed waits longer
Thursday31st July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIf anything, the Fed was sounding slightly hawkish at today’s meeting, says NAB’s Tapas Strickland, erven though two dissenters voted for a rate cut. The fear and uncertainty around the inflationary impacts of tariffs is part of the problem, and markets are now seeing a September cut as more or less each way bet. A cut in the range of copper products that will be tariffed from tomorrow drove a sharp fall in copper prices today, but a reminder from the President that tomorrow is…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.