NAB – The Morning Call · Fed pushes bond yields up, Russia drives oil down
0
AUDIO The Morning Call

Fed pushes bond yields up, Russia drives oil down

By phildobbie — 1 year ago

Friday 19th March 2021

There was more reaction to the FOMC meeting today, with bond yields rising sharply. Oil has also risen a lot as tensions mount between the US and Russia. Biden referring to Putin as a “killer” doesn’t seem to have gone down too well, and now with the threat of sanctions from the US there are fears Russia will up oil production in response to impact the US shale oil industry. The Bank of England followed the same script as the FOMC overnight, expecting a faster recovery but, just like the Fed, they are going to let the economy run hot before they contemplate a rate rise. As NAB’s David de Garis points out, the UK would relish the idea of the economy running hot anytime soon. In Australia labour market data was a big upside surprise, with unemployment down to levels not forecast to be reached for a year. Perhaps today’s retail numbers will also be welcome news.

Post Views: 430

Leave a Reply

Your email address will not be published. Required fields are marked *

THE TWITTERATI

Phil DobbieFollow

Phil Dobbie
phildobbiePhil Dobbie@phildobbie·
24h

Clarence Thomas clearly wants to overturn gay marriage, gay relationships and contraception and get back to the original constitution. Strangely quiet on black rights.

Reply on TwitterRetweet on TwitterLike on Twitter1Twitter
phildobbiePhil Dobbie@phildobbie·
25 Jun

Girls can still go to school in the US though, can't they? Or is that next?

Reply on TwitterRetweet on TwitterLike on Twitter4Twitter
Load More...
Scroll to top