BROADCASTS.com

b'Friday 27th May 2022US equities rose sharply again today as more retailers gave positive outlooks, despite the earlier surprise form Walmart and Target. The optimism wasn\\u2019t impacted by another set of weaker data from the US. That presumably means there\\u2019s potential for damage if today\\u2019s consumption numbers surprise on the downside, or the PCI-deflator shows higher than expected inflation levels. As NAB\\u2019s Gavin Friend points out, the bond markets have not reacted the same way, positioned as they are for a series of rate hikes from the Fed and the question mark over a recession. The UK Chancellor Rishi Sunak tried to head off recession with the announcement of a large round of fiscal stimulus, funded by a one-off windfall tax on energy companies. But is it enough? And what happens next year?

Hosted on Acast. See acast.com/privacy for more information.