Thursday June 16th 2022
The FOMC announced a 75-basis point rise in interest rates in the US, with rates rising to 3.4 percent by the end of the year. Sat the press conference that followed Jerome Powell spelt out that the next rise would be 50 or 75 basis points at the next meeting. Thy continue to argue that al of this can be achieved with a soft landing, but as NAB’s Ray Attrill suggests, when has a central bank ever confessed to contributing to a recession. There was also an emergency meeting of the ECB yesterday, as they try to tackle fragmentation in the European union occurring from rising rates. Later on the Bank of England, expected to lift rates by 25 basis points. Also today, Aussie employment numbers and New Zealand GDP.
-
Top 40 Business Tips #4: Make Your Customers Love You
Lots of companies say they have a focus on the customer, but do they really? And how do you make sure your customers have a love affair with your brand?
-
Markets realise there’s tumult before a vaccine
The virus is back front and centre says NAB’s Gavin Friend and markets realise there’s a lot to get through before we reach a mass inoculation program.
-
Peace hopes fade, European inflation soars
Oil bounces back up as peace hopes fade. And shocking inflation numbers from Germany and Spain. NAB’s David de Garis points out, prices have gone up more in a month than they have over a year in Australia. It presents a special challenge for the ECB.
