Markets accept rate hikes if they tame inflation
NAB Morning Call
00:00
Is There a Slowdown in the Heconomy?
Durable goods orders month on month, if you take out defence, from one point % in march to nort point three % in april. Mortgage applications, surprise, surprise, down one point two % last week. Re financing down four % because, of course, high prices, less turnover, high rates for a 30 year mortgage. Now, no wonder people want to put their wages up. And the prospects of fartley rate hatss, is going to ieven more channangin.
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