Central Banks Now Have A Perfect Alibi!

The spate of Central Bank meetings this week, with Canada and The Fed done, the Bank of England today and the RBA next week, continues to stress the high-levels of uncertainty relating to monetary policy, thanks to the Gulf Conflict, and the trajectory of energy prices. Federal Reserve Chair Jerome Powell warned the energy shock brought by the war “hasn’t even peaked yet,” saying at his last regular press conference as Chair of the Fed, that “the conflict in the Middle East has added to” economic “uncertainty.” On the back of this Brent Oil shot higher, as the global crude […]