Desensitised

The conflict in the Middle East is keeping us in limbo. We’re waiting for things to change. The fuel shortage we were bracing for seems less likely now. But we still have to face the prices.We have a wholesale rates market pricing in three rate hikes by October. More hawkish than the most hawkish economists – but calls for rate hikes risk becoming a self-fulfilling prophecy.While we wait, we look at the markets and shake our heads – desensitised feels like an apt description. US equity markets are still taking off. It's like the war isn't even happening.Hosted by Jarrod Kerr, Sabrina Delgado, and Alexandra Turcu. Follow our economic commentary & insights here.Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.