Oreana’s Poole on inflation, the Federal Reserve and staying bullish on equities | Ausbiz
Isaac Poole joins us from Oreana Financial Services for the entire hour to discuss everything from the Federal Reserve’s taper timeline to why inflation has more legs to run even if November’s read stateside was the hottest in 40 years. Is this time different? Not if you ask equity bulls on Wall Street – which advanced on Friday and the S&P 500 notched an all-time closing high, as market participants digested an inflation reading that was in line with consensus. The dollar weakened and a gauge of global equity markets rose higher on Friday after data showed consumer prices rose as expected in November, easing concerns the U.S. Federal Reserve would aggressively tighten monetary policy to combat inflation. With five central bank meetings, an inflation read in Canada, jobs news in Australia and a GDP read in New Zealand to contend with, there is no better person than Isaac to run us through the numbers which count. (Source: Ausbiz)
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