Fed in a tight spot
Market turmoil continues in light of the SVB collapse, with bond yields diving as the path of future Fed hikes comes into question. NAB’s Rodrigo Catril says he expects the ECB to still raise rates this week though.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 14th March 2023
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Just after Janet Yellen said there would be no bailout for SVB the US financial regulators stepped in promising that no depositor would be out of pocket. Good news for companies left exposed, but its done little to calm the markets with bond yields falling further and some analysts predicting an end to rises, at least for now, from the Fed. NAB’s Rodrigo Catril says its likely they will push ahead with their fight against inflation, but on a slower path. It’s still possible that the ECB will lift rates by 50bp this week. But what if the US inflation read today comes in stronger than expected? How do markets react then?
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