Central bank overload
Friday 23rd September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Bond yields continued to rise in the US one day on rom the FOMC meeting. NAB’s Ken Crompton says normally you’d expect to see a bit of a rebound, so this is a sign that the market has accepted that the Fed are determined to keep going, evidenced by the elevated dot plots yesterday. Meanwhile the Bank of England lifted rates 50bp – it probably would have been higher if the UK government hadn’t stepped in with a cap on energy prices, although their mini budget today…
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