Fed still trying to show they wont give in
Friday 19th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Bond markets have been fairly lacklustre today. NAB\u2019s Ken Crompton says there is still uncertainty over the less-hawkish FOMC minutes this week, which is why central bank speakers are out in force pushing the party-line for higher rates faster. There\u2019s still a difference between the markets and the Fed on how quickly those rates will come down. Meanwhile, there\u2019s still plenty of resilience in the US economy, with jobs not really coming down. As we saw yesterday, it\u2019s the same story in Australia. The Euro saw a sharp fall today, as gas prices shot up to a record high. Canadian and UK retail numbers are out later \u2013 will they be a other sign of resilience in the face of adversity?
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