The expected cut from the Fed but, as NAB’s Gavin Friend explains on today’s Morning Call podcast, Jerome Powell was a little too hawkish for the markets.
As the Federal Reserve gets set to cut interest rates, I ask Prof Steve Keen whether it’ll make any difference? In Japan interest rates are negative and it’s still not working. Does monetary policy actually work?
Markets are being driven by economic data but NAB’s Rodrigo Catril says rising COVID-19 infections and tensions with China could soon take over. https://t.co/WOQr4sU9XB