Unconditional commitment, come what may
Friday 24th June 2022There have been big moveme…
NAB Morning Call · NAB - The Morning Call
June 23, 202214m 47s
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Show Notes
Friday 24th June 2022There have been big movements in bond yields overnight. NAB’s Ken Crompton says there’s been a reaction to weak PMI data from Europe and the US. There were promising signs, though, particularly in Europe were rising inventory numbers suggest demand is softening and prices are weakening, which could lessen the need for aggressive hikes by the ECB. Nothing, it seems, will stop the Fed though, with Jerome Powell renewing his unconditional commitment to reducing inflation.
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