Friday 19th July 2019

Could the Fed be careering to a half percent rate cut at the end of the month? Phil Dobbie asks NAB’s Alex Stanley if that could be the case, with bond yields and the dollar falling. Sentiment has shifted after a speech by the NY Fed’s John Williams saying that it’s better to take preventative measures than to wait for disaster to unfold – he wasn’t talking specifically about the US, but the bond market has taken it that way. In the UK parliament has voted to prevent the proroguing of parliament to avoid a no-deal Brexit – that’s helped the pound, for now. In today’s podcast you’ll also hear about Australia’s employment numbers, why oil prices are falling and how, in the UK, when the going gets tough, the tough go shopping.