Friday 3rd May 2019

Phil Dobbie talks to NAB’s David de Garis about the market’s continuing reaction to Fed chair Jerome Powell’s ‘transitory’ remark on low inflation yesterday. It’s seen a further rise in US rates and a fall in equities. Will tonight’s non-farm payrolls data show continued low wage growth, or could they pick up? Plus, the Governor of the Bank of England suggests a Brexit deal would see rate hikes not currently priced in by the markets. Perhaps because few are expecting a deal anytime soon.