Devon Head of Retail Greg Smith talks to Mike Hosking about what to expect from the Fed meeting given the recent banking crisis, and also the Bank of England as UK inflation surprisingly increased last month. Back home he looks at why numbers from KMD Brands gave investors the ‘warm fuzzys’. He also chats about the story of a big global bank which has been somewhat surprised to find that US$1.3 million of nickel it had stored in warehouses in London was actually bags of stones on closer inspection.