Are you sceptical that US Federal Reserve chair Janet Yellen will be able to get a rate hike over the line this year?
Well, based on what we’ve just seen, perhaps it’s time to change that view.
A horse called “Yellen”, named after the most powerful banker in the world, just took out the first race on Oaks Day in Flemington, paying a nifty 5-1 for those who backed her in.
The four-year old mare, trained by Chris Waller, with Hugh Bowman on board, was the short priced favourite heading into the race given she was a last start winner and had good form in the wet.
Yes she had been firming in the betting, not easing, much like expectations for a US interest rate hike in recent days.
While we’re talking about a horse race, not monetary policy, it does come across as slightly ominous. If a horse named Yellen can get over the line first, perhaps it’s interest rates that will be next.
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