Friday 11th February 2022
Markets reacted swiftly to a higher-than-expected rise in the US CPI. NAB’s Gavin Friend says its unlikely that the Fed will raise rates by half a percent in March, even though many now expect it and the Fed’s Bullard has said he isn’t opposed to the idea. Gavin’s point, if they were to do that, why haven’t they stopped QE dead in its tracks? Today’s podcast looks at the market reaction in the US and yield movements in Europe. There’s been more discussion about Ukraine, but one British former diplomat has described the whole thing as a Russian fishing trip. And new Yuan loans have seen a heap of extra money piled into the Chinese economy.