Taylor Nugent

speaker

7,962 appearances 80 recordings 1 series first heard Sep 2024 last heard 27 Aug

Taylor Nugent’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 — 36 in all, peaking in Nov 2025 with 5.

Appearances

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NAB Morning Call · War on hold, RBA on the move · 5 May 2026 podcast

One thing that maybe was a little bit surprising was that they just don't didn't see too much of an upward revision to their unemployment uh forecasts. voice-verified

And so they now see unemployment peaking at 4.7% um out in the out in mid-2028. voice-verified

That's up only a tenth from what they were expecting um back in back in February. voice-verified

And so I think it just kind of reemphasizes that point that, you know, the challenge for them, the focus is is on inflation. voice-verified

And at the moment, when you think within the you know, they're for faced with this challenge between balancing uh the, you know, full employment side of the mandate and the inflation side of the mandate, that's a an unemployment outlook that hasn't got materially worse from the RBA's forecasts and and inflation voice-verified

uh challenge that has got materially worse. voice-verified

And so, you know, unless the data comes in in a way that says that they're they're wrong on that, you know, reasonably benign un unemployment track in in the short term, then that's gonna keep the the focus on that near term inflation challenge. voice-verified

Yeah, so that was that was interesting. voice-verified

March uh spending data as you as you suggest, so you know, feels a a little bit of a little bit out of date now with um how quickly things are moving. voice-verified

But essentially what we saw is that nominal spending in in March uh was up one point six percent on on the month. voice-verified

Um that was, you know, a little bit softer than than consensus, but you know, the themes coming out of that data were really in line with what we'd already seen in kind of our our NAB spend trend data and and what we'd been voice-verified

doing tracking as well. voice-verified

And so as as you say, the kind of the key takeaway there is that that surge in in fuel costs drove an increase in in spending on on fuel, unsurprisingly. voice-verified

But largely households kind of met those those higher fuel costs with an an increase in overall nominal spending. voice-verified

With you know some evidence of um you know a little bit of underperformance in in discretionary categories through through March, but you know, and some evidence voice-verified

Of a little bit of precautionary purchases across food items. voice-verified

Um, but largely it was higher nominal spending and and not a collapse in in other spending to offset it that was a feature there. voice-verified

And I think that just kind of, you know, it shows that that kind of demand destruction that the RBA would would need to be comfortable here on on policy rates. voice-verified

Um, maybe they they're not quite getting as as much of a pullback as as they would need to kind of, you know, completely. voice-verified

Um their concerns about inflation persistence to to recede. voice-verified

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