Friday 4th September 2026

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Financial Services Guide | Information on our services - NAB

There might not need to be a rate hike from the Fed. That’s been the takeout from a Reuters interview overnight with the bank's Christopher Waller, who suggested there are signs of disinflation which might mean there’s less need for a policy adjustment. There was a swift response in bond markets and a weakening US dollar. There’s also been a substantial rise in the Yen. Phil asks NAB’s Rodrigo Catril, why? Waller’s comments make next week’s CPI figures more significant than ever and Rodrigo suggests the number to look for. Meanwhile, non-farm payrolls tonight will also be influential, with some signs that the jobs market is weakening.

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Wednesday 2nd September 2026

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Financial Services Guide | Information on our services - NAB

Unease in the Gulf continues to push oil prices higher today and fears of persistent inflation mean bond yields continue to rise in Europe. expectations for rate hikes, eve n as they moderate a little in the US. NAB’s Gavin Friend joins Phi to talk through a mixed session, influenced by a hawkish Bank of Canada, a dovish RBNZ and words from the fed’s John Williams suggesting inflationary pressures in the US might be easing. Meanwhile yesterday’s stronger than expected GDP numbers for Australia reinforce NAB’s view that the RBA will hike later this month.

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Wednesday 2nd September 2026

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

Oil prices have risen sharply with further attacks from both sides in the Gulf. That’s pushed bond yields higher in a world that is struggling to contain inflation. NAB’s Ray Attrill joins Phil to talk about the issue of rising yields which, in Japan have hit a 30 year high. New UK PM Andy Burnham gave his first speech to parliament, and yields there have risen 16bp, which Ray describes as another example of bond vigilantes at work. They also look ahead to today’s Australian GDP numbers, which are unlikely to change NAB’s view that the RBA will lift rates at their next meeting. Meanwhile the RBNZ is expected to lift rates today, with the Bank of Canada holding back for now.

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