Tuesday 14th September 2025
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Markets are positioning themselves for the Fed and the assumption seems to be that the cut this week will be the start of a broader easing cycle. But what if it isn’t? NAB’s Sally Auld says growth and unemployment are both tracking close to the Fed’s forecasts in June, so we are unlikely to see a mass revision to the dots at tomorrow’s Fed meeting. The activity data out of China was not a good news story, though. Sally talks Phil through the numbers, and they look ahead to a busy calendar for the next 24 hours, including US retail sales, Canadian and NZ CPI and UK unemployment.
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