All quiet but for the sound of central bankers
US shares have tumbled against rising rate fears, but a spate of central bank speakers has done little to move bond yields. NAB’s Ray Attrill says ECB members are now suggesting two more 50bp hikes are looking more likely.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 9th February 2022
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It’s been quiet overnight news-wise, but a session rich with central bank speakers. NAB’s Ray Attrill says the main news came out of the ECB, where a 50 basis point hike at the next meeting seems nailed on, with talk now of another 50 possible in the May meeting as well. In the US equities have taken a hit, as expectations rise for more hikes from the Fed, with some expecting rates to touch 6% this year, although that’s not suggested by anyone in the central bank just yet. Today Germany’s delayed inflation numbers are out and will undoubtedly impact the Euro area CPI released last week. And the weekly jobless claims numbers tonight will be studied as some start to wonder whether last week’s non-farm payrolls was a bit of an outlier.
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