Powell ignores payroll
Thursday 11th July 2019 Jerome Powell has sent the markets back to where they were before the non-farm payrolls data last week. As NAB’s Gavin Friend explains to Phil Dobbie, the Fed Governor was more dovish than expected when he started his testimony to the Congress. So, the question is back to how much and when, with bond yields quickly declining as Powell talked. They also discuss UK GDP numbers, the latest on Brexit and what to expect from Home Loans and Investment Lending numbers today.