049 - Markets loosen despite Fed 75bps rate hike

<p>The Fed hiked rates by 75bps and cancelled forward guidance. GDP indicates a technical recession, and US inflation is still ticking at the highest level in 40 years. The Eurozone shows resilience but with savage inflation on its side of the pond. This week the BoE and RBA will hike rates, but there is scope for surprises. NFP Friday has a forecast of 250K jobs created in July. Yet, the tension between inflation and contraction lingers. We discuss all these and more in this week's podcast.&nbsp;</p>