Markets accept rate hikes if they tame inflation
NAB Morning Call
00:00
Introduction
equity markets have bounced back, having spent a large part of the session on the back foot. It was actually the release of the f o m c minutes that's pushed them higher. So what was said to give this new ground for optimism? Also, we look at the r b n zed yesterday, they didn't just push up rates by 50 basis points. Thatv also got a much higher terminal rate in mind. Where does it all end? Certainly the focus seems to be on going faster, as though faster rate is will catch the inflation genie unawares.
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