Fears the Fed will keep at it for a while yet

Tuesday 20th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9It was a quiet session overnight with the UK on holiday and a fair bit of attention on a funeral service in London. Nonetheless bond yields continued to push higher. JBWere’s Sally Auld says markets have priced in rate rises this week of 80 basis points in both the UK and US, meaning there’s some chance the hike will be more than 75. ‘Keeping at it’ was the title of Paul Volcker’s book and that seems to be the Fed’s philosophy right now – and for other central banks, Japan and China excluded. Canada's inflation numbers today will give us a good indication of whether going hard and going early helps contain inflation any quicker.  Hosted on Acast. See acast.com/privacy for more information.