Kaplan’s hawkish wings are clipped
Monday 23rd August 2021Equities recovered in the US at the end of last week as markets responded to comments from Robert Kaplan, President of the Dallas Fed. NAB’s Ray Attrill says the FOMC member has changed his hawkish stance, now admitting the Delta variant was dampening demand and that could slow the speed of tapering by the central bank. In Asia it’s a different story, with equities hit by further evidence of increased regulation, mixed with the slowdowns associated with a zero COVID approach that is hitting supply and production. Locally, of course, rising infection numbers and extended…
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