Divided He Falls. But Stays.

About this episode

Phil Dobbie discusses the current state of oil prices and interest rates with guest Gavin Friend.

Thursday 30th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Oil continues to lurch higher, getting close to $120 this session, the highest since the closure of the Hormuz Strait. There’re no signs of progress, infact President Trump is indicating he’d prefer to wait until his blockade has an impact on Iran. That could take some time. Meanwhile, the Fed kept rates on hold in Jerome Powell’s last meeting as chair, with a divided board. Several objected to the neutral tone of the guidance, which suggested the next move is more likely to be down that up. Meanwhile Powell announced he will stay as a Governor for now. NAB’s Gavin Friend joins Phil to discuss this, also a dovish hold from the bank of Canada, and a look ahead to the ECB and Bank of Enfgland. Sand don’t forget the mega-cap earnings coming up. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Phil Dobbie

Guest: Gavin Friend

Topics covered

• oil prices
• Federal Reserve
• interest rates
• economic outlook
• market analysis

Keywords

• oil
• Federal Reserve
• interest rates
• Gavin Friend
• economic outlook

Mentioned in this episode

Organizations: NAB, Federal Reserve, Bank of Canada, ECB, Bank of England

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