Fed ready to fight inflation on two fronts
Monday 17th January 2022The Fed kicks of its sc…
NAB Morning Call · NAB - The Morning Call
January 16, 202216m 36s
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Show Notes
Monday 17th January 2022The Fed kicks of its schedule of FOMC meetings next week. We know tackling inflation will be front and centre, but as NAB’s Ray Attrill points out, rate hikes are not the only tool they will be using. The minutes from the last meeting also suggest reducing their balance sheet will be part of the plan. Meanwhile, we’ve seen a significant sell-off in bonds, as investors expect a strong economic recovery this year, as Omicron’s impact wanes. Except in China, of course, which continues to pursue a zero-COVID policy, meaning supply chain disruption could remain, adding to inflation. China’s Q4 GDP is the data to look out for today.
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