The RBA and the Fed diverge on interest rates

The US Federal Reserve and the Reserve Bank of Australia have diverged in their communication regarding interest rates in March. Clifford Bennett from ACY Securities believes that the Federal Reserve has made a mistake by slowing down too early, and that Jerome Powell may soon increase interest rates by 50 points.

Clifford says that the US has already seen a recession and that the higher the interest rates go, the quicker they will have to cut eventually. He says that the RBA has engineered a roller coaster economy and should not be hiking rates at all.