Tuesday 14th July 2026
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At his testimony to the House Financial Services Committee Kevin Warsh vowed to make today’s elevated inflation ‘a thing of the past’, whilst warning that softer inflation numbers overnight should not be seen as ‘mission accomplished’. NAB’s Skye Masters tells Phil that, even though expectations for a July rate hike have lessened, markets are still pricing in more than one this year. They also discuss yesterday’s NAB Business Survey and US bank earnings, and the President’s reversal on a 20% levy on goods passing through the Strait. But with tensions not easing, oil continues to rise in price. A busy day today as well with data from China, US, Europe and a rate decision by the Bank of Canada.
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