Is reflation back? Commodities push even higher
b'Tuesday 28th September 2021It seems markets are still trading on the hawkishness of central banks, particularly the Fed, where we\\u2019re seeing bond yields significantly higher and tech stocks weakening. Commodity prices are also pushing higher globally, with Brent Crude now close to $80 a barrel. NAB\\u2019s Gavin Friend in London says these extra costs, plus supply constraints make it highly unlikely that the Bank of England will lift interest rates next year, no matter what Governor Andrew Bailey suggests.
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