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
The Times says the government is struggling with what to do with a windfall tax if they had one. One option they reckon is to reduce the cost of energy. Which of course helps everyone, but richer higher energy users would be the biggest beneficiary ...
No bounce in equity indices today, says NAB’s Taylor Nugent. It’s all down to growing concerns about a US economic slowdown. Like Cisco’s profit downgrade, for example. Plus the lowdown on yesterday’s Aussie employment numbers. https://t.co/aGBhCkChFv