Less jobs before Fed stops
The Fed shows no signs of letting up. And, despite the turmoil and a likely recession, NAB’s David de Garis says the BoE’s Huw Pill is still talking of a significant rate rise in the UK.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Thursday 13th October 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The BoE has been buying up more bonds to protect pension funds from the volatility of an economy still struggling with the budget presented by the Truss government. But when Andrew Bailey says the help stops on Friday does he really mean it, or will they be back buying bonds next week? Meanwhile the latest GDP numbers show the UK could well be in a recession, or at least the economy is looking very off colour. Meanwhile, the latest FOMC minutes show the US central bank is determined to continue to tackle inflation, and rate rises won’t stop until the labour market starts to rescind. The number that will drive markets today – US CPI. Whether its higher or lower than expected, we can still expect a reaction.
Hosted on Acast. See acast.com/privacy for more information.