One Day After the Fed
Friday 3rd May 2019 Phil Dobbie talks to NAB’s David de Garis about the market’s continuing reaction to Fed chair Jerome Powell’s ‘transitory’ remark on low inflation yesterday. It’s seen a further rise in US rates and a fall in equities. Will tonight’s non-farm payrolls data show continued low wage growth, or could they pick up? Plus, the Governor of the Bank of England suggests a Brexit deal would see rate hikes not currently priced in by the markets. Perhaps because few are expecting a deal anytime soon.