Fickle equity investors respond to unsurprising Powell comments
NAB Morning Call
00:00
Did the Bond Markets React?
We knew he was going to be hawkish, and he was. So why this big reaction on equities? Mar wanlifel probably say that even if the bond market has got the memo in the lead up to paddle speech,. That it's likely to require a sustained period of below tran growth which will also bring some pain to households and business. But em, i think the sort of tomens a lot of her, a lot of kill of words in there. I so short and short and not sweet. Itcud fix on less than two pages of a four and ran for less than eight minutes. Om brevity, clearly a virtue.
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