Equity markets rose sharply as the Fed lifted rates 75 basis points. Quite a reaction for an unsurprising hike. NAB’s David de Garis dissects the press conference, as well as looking at what yesterday’s Australian CPI numbers mean for the RBA next week.
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
