Friday 16th September 2022
Front end bond yields pushed higher in the US, as shares fell sharply and oil prices fell. The inversion in the yield curve continues to point to a recession with investors clearly expecting a higher terminal rate by the Fed. NAB’s Gavin Friend says markets are still reeling from the higher-than-expected inflation read this week, and much now rests on what Jerome Powell says next week. The picture is muddy, with today’s data releases fairly mixed. US retail sales were up, but the Philly Fed manufacturing index fell, with a big decrease in new orders. We try and make sense of it all in today’s podcast, along with analysis of yesterday’s Australian employment numbers and words on the meeting between Presidents Putin and Xi in Uzbekistan yesterday.
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Does Your Company Make a Difference?
Tim Sanders says we are going through a responsibility revolution, where the motivation for a company is not just about selling stuff, it’s also about making the world a better place.
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After Corona, the new normal
Without a 100% effective vaccine, life will never be normal again, says @profstevekeen. But there is an upside. Listen to the latest FREE Debunking Economics podcast.
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Oil Dives, Bonds Rally as Recession Fears grow
It’s hard to make sense of market price action overnight says NAB’s Skye Master, except for concerns around gas shortages in Europe. The Euro is close to parity – as predicted by the NAB FX strategists.
