# A succinct and hawkish Fed

Page: https://stenobird.com/podcast/nab-morning-call-427359/a-succinct-and-hawkish-fed
Text version: https://stenobird.com/podcast/nab-morning-call-427359/a-succinct-and-hawkish-fed.md
Podcast: [NAB Morning Call](https://stenobird.com/podcast/nab-morning-call-427359)
Published: 2026-06-17T20:18:17+00:00
Episode link: https://shows.acast.com/morningcall/episodes/a-succinct-and-hawkish-fed
Audio file: https://sphinx.acast.com/p/open/s/631a89913c2be9001415dc41/e/6a33010a5926b9ca34b905cf/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/a-succinct-and-hawkish-fed
Duration seconds: 956

## Resource

Thursday 18th June 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB A concise and hawkish Federal Reserve decision has shifted global desks. Phil unpacks Kevin Warsh’s first Fed meeting with NAB’s Gavin Friend. I t delivered an unyielding 12-0 vote to hold rates steady alongside a razor-thin official statement that raised inflation forecasts and explicitly prioritised price stability. This refusal to offer traditional forward guidance pushed bond yields higher and sparked choppy swings across the Nasdaq, all while a surprise 0.9% surge in U.S. retail sales proved the American consumer is out shopping. Meanwhile the UK awaits employment data and a high-stakes by-election. Then there’s that MoU with the signing-ceremony a day away. Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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