So, what did markets like about Powell’s speech yesterday?
Friday 2nd December 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Markets have not significantly retraced their moves after Jerome Powell’s speech yesterday. Equities have rebounded only slightly and bond yields have continued to fall. On today’s podcast NAB’s Tapas Strickland outlines why his speech created a more positive risk outlook. There was good news in amongst the data released overnight too, with ISM manufacturing showing a fall in prices paid. Abd China’s lockdowns could be easing further, with home detention now replacing…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.