The reaction to the FOMC 50 basis point rise was pretty mooted says NAB’s Skye Masters, but the press conference that followed saw yields falling sharply, a drop in the dollar and a sharp rally in equites. Listen in to find out why.
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
A quiet session, with no bad news giving a refocus on the Fed and other central banks. JBWere’s Sally Auld says we shouldn’t discount further systematic uncertainty as rates rise. https://podfollow.com/nab-morning-call
