Consumers still spending despite all the hike talk
b'Friday 8th April 2022As bond yields continue to rise, particularly in the US, it seems there\\u2019s not much impact from all the hike talk on consumer spending just yet. Consumer credit numbers in the US shot up in February, much of it revolving credit. Will that just add to the Fed\\u2019s concerns and the accelerated rate of hikes, which has seen bond yields push ever higher. Ken Crompton says NAB\\u2019s forecast is for 10 yields to reach 3 percent by the end of the year, but there is still considerable room for movement. Yesterday\\u2019s Australian balance of trade numbers were a surprise, with much higher imports pushing February\\u2019s surplus down by $4.5 billion from the month before. Whilst the ECB minutes overnight reflect a more hawkish approach, but a bank still heavily divided on the road to take.
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