The battle to be king of the doves
b'Thursday 25th February 2021As the reflation trade continues to push bond prices lower and commodities higher, central bankers are fighting amongst themselves as to who can sound the most dovish. That\\u2019s helping push equities a little higher this morning. The Fed\\u2019s Jerome Powell and BoE\\u2019s Andrew Bailey were both in front of parliamentary committees overnight, each suggesting rates would stay low and any rising inflation was transitory for now. NAB\\u2019s David de Garis says the RBNZ was toeing the same party line, suggesting the outlook remains highly uncertain. Today the weekly claims numbers for the US will highlight the strength (or otherwise) of the jobs recovery. By the way, for those who think this is ridiculous title for an episode, doves do fight each other, sometimes to the death, but normally when they are trying to impress hens, not water down inflationary fears.
Hosted on Acast. See acast.com/privacy for more information.
'