Is the US getting too hot to handle?
Thursday 25th November 2021There were many more positive signs for the US economy overnight, with initial jobless claims at an all-time low. The US dollar remains in favour, with the DXY index reaching a 16-month high. On today’s podcast NAB’s Tapas Strickland says rising inflation concerns are turning even the most dovish FOMC members, with Mary Daly the latest calling for a faster taper to make room for rate rises. Former US Treasury Secretary Larry Summer spoke again about his concerns about the Fed’s delay, worried that they won’t be able to find “a soft landing”. Meanwhile, the Kiwi…
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