cover of episode UBS On-Air: Paul Donovan Daily Audio 'Confirmation bias'

UBS On-Air: Paul Donovan Daily Audio 'Confirmation bias'

2023/5/23
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

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Shownotes Transcript

Yesterday’s central bank speak confirmed whatever you thought about central bank policy before the cacophony of comment. The ECB speakers behaved like they were on autopilot because they are (unfortunately) automatically raising rates. The Federal Reserve hawks were hawkish, the doves were dovish, and those in the middle were even handed.