Wednesday 21st June 2017

Overnight the Fed’s Charles Evans said a further rate hike this year was no “slam dunk”. As Phil Dobbie discusses with NAB’s David de Garis, there’s lots we can no longer take for granted. Like OPEC’s plans to control oil prices; oil is now below where it was last August. Mark Carney expects the UK economy to struggle through Brexit, a process which itself is not guaranteed to reach an outcome. And Theresa May’s deal with the DUP is now faltering, making her Queen’s speech unlikely to sail through Parliament. Whilst US Treasury Secretary Steve Mnuchin has said he plans to see his tax reform program finished this year, but with the looming debt ceiling, that’s no slam dunk either.