Bond yields in the US continued to rise one day on from the Fed. We’re close to 2011 highs says NAB’s Ken Crompton. In the UK where the BoE lifted rates by 50bp whilst Japan’s Ministry of Finance was forced to step to defend the Yen after the BoJ again did nothing.
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
