Hawkish RBA, open Powell

Wednesday 8th February 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere wasn’t too much new from Jerome Powell when he was interviewed by the Wall Street Journal’s David Rubenstein, but that didn’t stop a rally in bonds for a short spell. It was followed by a swift reversal, perhaps on the realisation that he hadn’t actually offered anything new. NAN’s Rodrigo Catril says, nonetheless, it was a refreshingly open discussion reflecting the transparency of the Fed these days. At home a more hawkish RBA has seen bond yields rise sharply, with the expectation of more than one rise still to come. Hosted on Acast. See acast.com/privacy for more information.