Powell talks jobs down, drives equities up

Wednesday 15th October 2025

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It’s been day 14 of the US shutdown, as both sides dig in. And are we being too optimistic about US China relations? NAB’s Gavin Friend says we shouldn’t assume the TACO trade will see the US backing down on such an important issue. He also discusses with Phil comments from Jerome Powell at the National Association of Business Economists in Philadelphia this morning. He was more dovish than expected, helping equities to recover from earlier losses.

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