Sally Auld

speaker

5,823 appearances 57 recordings 1 series first heard Sep 2024 last heard 17 Aug

Sally Auld’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 28 in all, peaking in Aug 2026 with 3.

Appearances

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NAB Morning Call · A few hours away · 14 Jun 2026 podcast

You know, where I think markets perceive that economy to be particularly sensitive to higher oil prices. matched

So, you know, whether it was, you know, the equity market or fixed income markets did feel like everyone was sort of pretty highly leveraged to the sort of ups and downs in the story around the imminence or otherwise of a deal. matched

That is the consequences, and that's part of the US-Iran memorandum of understanding, is that the strait opens immediately. matched

That would happen without tolls. matched

And so, as you said, you would start to get the flow through. matched

So a good thing for inflation, a good thing for inflation expectations. matched

And, you know, indeed, we did see... matched

you know, just a little bit of a reshuffling of central bank expectations in the front end of the yield curve. matched

So, for example, in the US, the first Fed hike is fully priced, you know, now for early 2027 as opposed to late 2026 as a consequence of lower oil prices. matched

Yeah, that's right. matched

So that measure of consumer sentiment has been really on a downward trajectory really for the last couple of years. matched

So yes, it popped up a little bit in June, but we'll wait and see whether it can sustain those gains because the broad movement of that index hasn't been very positive over the last little while. matched

But having said that, it has really underperformed other measures of consumer sentiment in the US. matched

So I think matched

uh you know there have been changes to the way that the university of michigan actually execute the survey and so i think people are taking that maybe with a little bit of a grain of salt but there was better news as you said on on both the one year ahead inflation expectations and also those longer term inflation expectations so both of those measures dropping by about 40 or 50 basis points um in the month now matched

But having said that, they still are elevated relative matched

where they were. matched

So, you know, movement in the right direction. matched

But, you know, quite a way to go, I think, before policymakers would feel like that story had well and truly washed through inflation expectations. matched

Yeah. matched

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