Markets accept rate hikes if they tame inflation
Thursday 26th May 2022The increasing belief amongst central bankers \u2013 particularly in New Zealand and the US \u2013 is that faster rate hikes will have a more marked impact on fighting inflation, giving more flexibility on how to handle the issue later in the year. NAB\u2019s Rodrigo Catril isn\u2019t sure that a couple more 50 basis point hikes from the FOMC will be enough. Supply chain issues remain for goods, and consumers need to be torn away from their rising consumption of services. Today, Australia\u2019s Q1 Capex numbers are worth looking out for. Also today, if the world seems a worrying place right now (particularly if you\u2019ve been listening to George Soros), calm yourself down with a picture of a fluffy cat. It worked for our host.
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