Is the US getting too hot to handle?
b'Thursday 25th November 2021There were many more positive signs for the US economy overnight, with initial jobless claims at an all-time low. The US dollar remains in favour, with the DXY index reaching a 16-month high. On today\\u2019s podcast NAB\\u2019s Tapas Strickland says rising inflation concerns are turning even the most dovish FOMC members, with Mary Daly the latest calling for a faster taper to make room for rate rises. Former US Treasury Secretary Larry Summer spoke again about his concerns about the Fed\\u2019s delay, worried that they won\\u2019t be able to find \\u201ca soft landing\\u201d. Meanwhile, the Kiwi dollar has been hit hard by the quarter percent rate rise by the RBNZ. Why was there such a sharp response? Plus, the latest on oil, with prices down today, but we can expect more volatility as OPEC takes on their customers. How dare they dip into reserves!
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