Fed says three years near zero
The Fed is going nowhere till 2023, “and arguably much longer than that” says NAB’s Rodrigo Catril. So what are the implications of three years of near zero interest rates?
Day: 16 September 2020
THE TWITTERATI
The Times says the government is struggling with what to do with a windfall tax if they had one. One option they reckon is to reduce the cost of energy. Which of course helps everyone, but richer higher energy users would be the biggest beneficiary ...
No bounce in equity indices today, says NAB’s Taylor Nugent. It’s all down to growing concerns about a US economic slowdown. Like Cisco’s profit downgrade, for example. Plus the lowdown on yesterday’s Aussie employment numbers. https://t.co/aGBhCkChFv