Bond yields rising even though ECB’s 75bp hike was fully anticipated and Jerome Powell said nothing new ahead of the Fed’s expected next big rise. NAB’s David de Garis said markets are hoping central banks will pull back at some point and they are looking for that inflection point, which isn’t happening yet.
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
