Oil & ‘hawkish’ Fed rattle nerves
• Market wobbles. Jump in oil & ‘hawkish’ vibes from US Fed rattled investors. USD firmer. AUD & NZD lost ground. AUD underperforms on crosses.• AU CPI. Inflation accelerates, but not as much as expected. However it is too high & RBA should respond. More hikes priced. Growth set to slow. Global Trends A few renewed wobbles across markets overnight as a mix of factors rattled nerves. European equities lost ground (EuroStoxx600 -0.6%) and the major US indices tread water, while bond yields rose with US rates climbing ~8-11bps across the curve. Elsewhere, the USD edged up with EUR (now...