2501: The Weekend Podcast - Pita Bread?!

Paddy asks, "How can the price of Wheat free Pita bread go up from £.280 to £3.10?The market is way ahead of central banks. It knew a recession was coming. The AIM All Share hit its high back on 6th September 2021. It started to price this in and fell 34% to it’s low on 5th July 2022.Now central banks are talking about when a recession will end, when do you think the market will start to price this in?However — the market tends to rise 3 - 6 months before the last interest rate hike. The last interest rate hike could be December this year.People are saying interest rates could get to 3%.We’re at 1.75%If they do another half a % in September, half a % in November & 25 basis points in December they’ll be there.