Friday 18th September 2026
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Markets have shrugged off their early response to the hawkish press conference from Kevin Warsh yesterday. NAB’s Ken Crompton says the unwound started soon after the initial response, with bond yields falling and shares recovering. Both have been helped by a further reduction in oil prices, on hopes of resumed Saudi supply through their east-west pipeline. Ken and Phil also talk about the Bank of England yesterday and the assumption that the Bank of Japan will lift rates today. But what if they don’t?
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