Thursday 27th January 2022
The FOMC has met and reaffirmed that rates will rise from March. NAB’s David de Garis says it was exactly what the markets were expecting, although the response has been a rise in yields and a fall in equities. Jerome Powell was more reticent to talk about the speed of tightening beyond the next meeting, given the uncertainties that remain. The Bank of Canada will also hike rates soon. Also on today’s podcast, what does the US widening trade deficit mean for their GDP numbers out later today, how will The RBNZ react to today’s inflation numbers, and Brent oil hits $90. Where to from here?