A hawkish turn from the central banks
Wednesday 22nd November 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe FOMC minutes were cagey when it came to the prospect of rate cuts. The RBA minutes were the same, with Michelle Bullock also reiterating her concerns about persistent wage inflation. And the Bank of England’s Andrew Bailey told UK politicians that markets were getting ahead of themselves when it came to pricing rate drops. Hence the mood is a little more sombre, with falls in equities and little movement in bonds. Oil has also been up and down today ahead of OPEC+ at the…
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