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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
US equities had a strong night with the S&P500 +2.0% and NASDAQ 2.7%.
In month-on-month terms, our NAB Online Retail Sales Index contracted for a third consecutive month in April.
The market found some relief on the notion that the FOMC Minutes revealed a broad consensus for 50bps hikes in June and July and the possibility for a pause later in the year.
In this Weekly. we discuss how broader financial conditions, and not just the cash rate, are influencing the economic outlook.
Monday’s upbeat sentiment was short-lived with falls in equities and yields overnight.
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