“We’ve seen a moderation in long and short-term interest rates so that’s been helpful as far as that group is concerned,” Mr Piotrowski told Sky News Australia.
He said the Nasdaq shot up by around 0.8 per cent and the broader market up by around 0.5 per cent despite the Personal Consumption Expenditure index figures released last week. “That has consolidated the view that even if there is a moderation in inflation, central banks are going to remain quite vigilant and likely keep rates higher for longer.”
Well, that's 'nice' to 'hear'. Perhaps it will 'continue' into the 'future'.
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