Buckle Up, its going to be a bumpy ride
Monday 22nd May 2023
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Markets are distinctly uneasy at the start of the week, as the Republicans and Democrats are sticking to their entrenched position in US debt ceiling talks. NAB\u2019s Rodrigo Catril says it\u2019s a sharp contrast to the upbeat tone on Thursday, so we can expect a large amount of volatility unless they pull something out of the hat on Monday. Meanwhile Jerome Powell hinted over the weekend that the Fed could pause in June, despite the rhetoric from other board members last week. Whilst Christine Lagarde says the ECB needs to buckle up\u2019 to fight inflation. Also today, what impact in inflation and the RBAS will a rise in Australian minimum wages that\u2019s in-line with inflation? Plus, the PBOC\u2019s concerns about currency fluctuation, what to expect from the RBNZ this week and is Japan the new un-China?
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