Thursday: Fed holds with 'hawkish' dissenters

Thursday: Fed holds with 'hawkish' dissenters

From 5 in 5 with ANZ by ANZ

April 29, 2026 · 9 min

About this episode

The episode discusses the Federal Reserve's decision on interest rates, rising oil prices, and the RBA's focus on inflation expectations with insights from economist Maddy Dunk.

Oil jumps to US$118/barrel after Donald Trump suggests blockading the Strait of Hormuz for months. The US Fed holds rates as dissenters oppose an easing bias. And Australian core inflation is below forecasts, but the RBA is still set to hike next week. In our deep-dive interview, ANZ Economist Maddy Dunk explains why the RBA is so focussed on inflation expectations, following March’s price data. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

People in this episode

Host: ANZ

Guest: Maddy Dunk

Topics covered

  • Federal Reserve
  • inflation
  • Australian economy
  • oil prices
  • RBA interest rates

Keywords

  • Federal Reserve
  • interest rates
  • inflation
  • RBA
  • oil prices
  • Maddy Dunk
  • Australia

Mentioned in this episode

Organizations: US Fed, RBA

Products: oil

Places: Australia

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