The week central banks get serious
US stocks took a hit on Friday, whilst bond yields rose sharply. Why? NAB’s Rodrigo Catril says more inflation signs support the expectation for an even more hawkish Fed. But what about the RBA tomorrow?
Day: 1 May 2022
THE TWITTERATI
A calm session on the markets. NAB’s David de Garis says there’s still uncertainty over what’s round the corner. Meanwhile, Australia inflation falls. Does that mean job done for the RBA? https://podfollow.com/nab-morning-call
In the Thirties the Chicago Plan proposed that banks had no part in money creation. Good idea or bad? Me and @profstevekeen on this week’s Debunking Economics podcast https://podfollow.com/debunking-economics-the-podcast