Day: 7 October 2021

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Everyone seems happy to kick the can

By phildobbie — 2 weeks ago

Two cans are being kicked down the road: gas for Europe and the US debt ceiling. NAB’s David de Garis says neither issue has been resolved but markets are enjoying a bit of breathing space.

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On Friday Jerome Powell says its time to taper, but not raise rates. The labour market needs time to heal, he said. Meanwhile, NAB’s Ray Attrill says positive PMIs at the end of the week show whilst we have inflation, there’s no sign of stagnation. https://t.co/hxi5Tythzk

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