Softer data, slower Fed and more Russian oil
Thursday 24th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere’s a higher risk appetite again this morning, driven by the release of the FOMC minutes which NAB’s Gavin Friend says more or less confirmed that the Fed will lift rates by 50 bps at the December meeting. Before that, the response was to mixed data, with PMIs weaker than anticipated but strong US durable goods orders. There’s also an expectation that Russian supplies of oil might be higher than anticipated as the G7 and EU seem set to set the cap around $65-70, well…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.