Under New Management
Report Spotlight: St Barbara The Verdict We began the week arguing that a rate rise would be a clearing event for the bond market, and sharpened that to a preference for a dovish increase that signalled a short cycle. Wednesday’s US session rejected that reading, and we conceded as much in print on Thursday morning. […]
Fed Cuts Rates: Powell’s Dovish Exit and Market Reaction
Good morning, Wall Street took the FOMC meeting in stride, with benchmarks relatively little changed during the session, with moderate volatility into the close. The Fed confirmed a rate cut and signalled the start of a monetary policy easing cycle. Newly appointed official to the Fed Board and key White House economic adviser, Governor Stephen […]
