UK calmer, US stocks fall, yields rising on hawkish Fed & ECB
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Friday 30th September 2022
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Things are calmer in the UK because the Prime Minister has agreed to get the numbers to support last week\\u2019s budget. Whilst that\\u2019s helped the pound a little, yields continue to rise. NAB\\u2019s Tapas Strickland says the volatility is far from over in the UK. Elsewhere there\\u2019s rising concern over inflation, which is showing little signs of easing, with central banks (the Fed and ECB in particular) continuing their hawkish tilt. That\\u2019s hit US stocks hard today. Also on today\\u2019s podcast a look at yesterday\\u2019s monthly CPI umbers for Australia and a look ahead to European inflation data today.
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