Fed holds, BoJ lifts, BoE set to cut. Shares go crazy.
Thursday 1st August 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s been a busy session, with US shares shooting higher as the Fe keeps rates on hold but the market reading the fed’s commentary of a September cut even more likely. During the press conference Jerome Powell basically said it was on the table if things carried on as they are. NAB’s Taylor Nugent talks through the latest from the Fed, and suggests that yesterday’s softer than expected CPI print for Australia puts paid to any further talk of rate rises. But it’s also not good…
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