US banking on a slowdown. NAB’s new call on the RBA
Friday 31st March 2023
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US banking stocks took a hit overnight as central bankers warned of a credit crunch and Joe Biden called for reforms to regulations. Other shares rose though, even though weekly job numbers showed continued labour market tightness. In Australia job vacancies have fallen a little and NAB’s Taylor Nugent talks about how the bank has revised its call on the rate path for the RBA. Today the focus will be on inflation in Europe and the US.
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