A rate hike and a cause for celebration
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A rate hike and a cause for celebration
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Friday 28th August 2026
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NAB has made the call that they expect the RBA to lift rates in September. Markets are pricing in a 50% chance of a hike. Expectations rose after this week’s higher than expected inflation number. NAB’s Taylor Nugent joins Phil to talk through NAB’s reasoning, as well as yesterday’s Capex numbers and upside surprise in household spending. They also discuss the rise in equities following yesterday’s NVIDIA earnings, oil rising against tensions in the Gulf and Ukraine, and rising hawkishness from the Fed alongside the Jackson Hole Symposium, ahead of Kevin Warsh speaking tonight. And a cause for celebration tomorrow!
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