NAB Morning Call Future plans
Mar 16, 2025
Delve into China's bold economic strategies aimed at boosting consumption amidst U.S. tariff tensions. Discover the implications of a newly passed U.S. spending bill on market optimism. Explore how rising wages affect consumer sentiment and the broader trends in Europe, including defense spending and its links to climate initiatives. The discussion also highlights complex military tech issues, like the F-35's software challenges, and the anticipation surrounding NVIDIA's groundbreaking AI conference.
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China's Consumption Boost
- China plans to unveil policies boosting domestic consumption, potentially lessening reliance on exports.
- These policies aim to support household wealth, particularly in stocks and property, alongside AI funding and childcare.
US Inflation Expectations Soar
- US 12-month inflation expectations rose to 3.3%, while 5-year expectations hit a high of 3.9% since February 1993.
- This raises concerns, as the Fed's ability to overlook tariff impacts hinges on stable inflation expectations.
UK Economy Stagnates
- The UK GDP fell by 0.1% in January following flat growth in Q4 2024.
- This slowdown was primarily due to reduced manufacturing, oil and gas extraction, and construction activities.