Sally Auld

In this discussion, Sally Auld, NAB’s Chief Economist in waiting, shares her insights on market trends amidst a backdrop of geopolitical tensions. She highlights a rise in U.S. equities, despite soft economic indicators like the Dallas Fed Manufacturing Survey. Auld also delves into the implications of Germany's increased defense spending and Europe’s evolving stance on Ukraine. Additionally, she points to New Zealand's impressive retail sales as a sign of economic recovery, suggesting a cautious optimism for the markets ahead.

Sally Auld, the Chief Economist at National Australia Bank, dives into Australia’s economic challenges and forecasts three rate cuts by year’s end. The discussion highlights a disappointing 0.2% growth, the impacts of vanishing electricity bill subsidies on household spending, and stagnant productivity rates. Auld also explains the concept of capital shallowening affecting productivity growth and how recent monetary policy shifts aim to balance inflation control with fostering economic growth.

In this engaging discussion, Sally Auld, NAB's market economist and strategist, delves into the implications of the RBA’s recent interest rate cut. She shares insights on the divided market expectations surrounding the decision and the potential for further reductions. The conversation also covers the contrasting paths of the RBA and the Fed, with ongoing inflation in the U.S. Moreover, Sally analyzes the significant movements in both Australian and Japanese bond yields, unraveling the complexities of global economic discrepancies and domestic inflation trends.