Summer reading for Jan 10
US inflation set to rise to 7.1%, forcing Fed to hike by March, but will it stick? MIQ-free travel from Australia now looks unlikely until May as omicron rages over the Tasman; Omicron in China
TLDR: The US 10-year Govt bond yield hit a two-year high of 1.8% over the weekend and the German bund almost rose above 0% as investors worried about US inflation and wage growth. But in my view this expectation of tighter monetary policy can’t be sustained under the weight of real wage shocks, geopolitical tensions, omicron’s spread and a likely market…
Keep reading with a 7-day free trial
Subscribe to The Kākā by Bernard Hickey to keep reading this post and get 7 days of free access to the full post archives.