After what has been a solid month for equities and bond investors, month end flows have probably play their part in the price action overnight, US equities have lost momentum, UST have led a rise in core global bond yields and the USD is stronger. US and European inflation releases favoured the notion the Fed and ECB are done with their respective tightening cycles.
27 May 2022 Alan Oster Podcast – The latest economic news
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Today Alan takes us through this week’s release of the US Fed minutes, a preview of next week’s Australian Q1 GDP and his thoughts around what NAB’s internal data to 21 May is showing.