Swift turnaround as markets rethink FOMC response
b'Tuesday 22nd June 2021Well, we did say it was a rather extreme reaction to the FOMC meeting last week. NAB\\u2019s Tapas Strickland says the market moves overnight suggest the response was overdone, as markets partially unwound, with the US dollar falling, the yield curve steepening again, US equities up and the Aussie dollar on the rebound. So, what\\u2019s driven this rethink and will it last? Will Jerome Powell have an influence on it all when he speaks in front of a US government committee later? On today\\u2019s podcast we also examine yesterday\\u2019s Australian retail numbers, dissect what Christine Lagarde had to say from the AECB, and look ahead to what\\u2019s on today.
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