Gavin Friend

speaker

7,937 appearances 60 recordings 1 series first heard Sep 2024 last heard 2 Sep

Gavin Friend’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Oct 2025 with 5.

Appearances

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NAB Morning Call · Chalmers, Starmer and Calmer · 12 May 2026 podcast

Tomatoes up 15%. matched

In the core measure, there was a jump in previously benign shelter prices that sort of caught some people by surprise, up 0.6% month on month with a half percent rise in owner-occupied rents. matched

So, I mean, the 0.6% rise in rent of shelter, that's the most since 2023. matched

Yeah. matched

We don't think that that is representative of a sudden pickup in rents, but more the end of the sort of downward distortions that arose late last year as a consequence of the government shutdown. matched

Either way, when you've got things like core services prices up 0.47%, matched

It's clear that as we look forward, unless this thing, unless this war were to end tomorrow, and even then, you know, it's going to take a while for prices to come back down again. matched

And obviously the question is how quickly. matched

It looks at the moment like we're going to get, you know, ongoing high gasoline prices, further leaching through into CPI again for May. matched

And, you know, all the while, CPI or inflation generally is pushing further above the Fed's matched

forecasts and targets. matched

and why you're seeing things like the services PMIs crunch down. matched

I mean, this is, and clamors for some kind of recompense from governments, but where governments are pushing back and trying to be very, very targeted, which is the thing that they need to do to help central banks keep inflation on track and avoid the second round effects. matched

I think for the US, I mean, this is obviously going to be a test for the incoming Fed chair, Kevin Walsh, when he comes in later this month. matched

And against the backdrop where markets are just pushing back on that prior rate cut pricing, we've now got... matched

Five basis points of hikes by October, 10 basis points of hikes by December and 20 basis points by next March. matched

I mean, that's the direction matched

Yeah, we're getting up towards 100 now of MPs matched

him to go. matched

But equally, he's come out with... He's found 100 MPs that want him to stay. matched

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