Three months into the job and Fed Chair Kevin Warsh is still facing questions over his credibility. In particular, the bond market still has questions. Meanwhile, in Australia, the RBA governor stated that the RBA was willing to raise rates for the four ...
Learn moreThree months into the job and Fed Chair Kevin Warsh is still facing questions over his credibility. In particular, the bond market still has questi ...
Learn moreThree months into the job and Fed Chair Kevin Warsh is still facing questions over his credibility. In particular, the bond market still has questi ...
Learn moreThe Board kept interest rates at 4.35%. It was unanimous. Governor Michele Bullock is feeling quietly confident. After three-consecutive rate rises, monetary policy appears to be just right. Economic growth, unemployment, and inflation are moving in ...
Learn moreThe two-week ceasefire for the Iran war became indefinite, according to the US, while the blockade of the Strait of Hormuz was doubled. Markets reacted to daily social media posts from President Trump and Iran with their own rhythm. Central banks are po ...
Learn moreWe are now into the second month of the Iran War, and much like a tropical storm; it is unclear how long it will rage for and how much damage it will do. But the longer it goes on, the worse it will be for the global economy. ...
Learn moreThe RBA raised interest rates by 25 bps to 4.1%. It was a split decision, with five members of the Board voting for the increase and four voting to leave rates at 3.85%. Recent data confirmed to the RBA that there is still too much inflationary pres ...
Learn moreNovember brought some resolution but not much extra clarity on last month’s headlines. The US government shutdown ended with a whimper. Data is again flowing from US agencies, but not yet enough to fill in the gaps created by the shutdown. Some AI ...
Learn moreAustralia has found its golden fleece. As the price of gold has increased over 110% over the last five years, the value of Australia’s gold exports has almost tripled. Gold is now Australia’s second-largest export by value. While the val ...
Learn moreLike President Donald Trump’s escalator stopping at the UN, the US Federal Government’s shutdown is producing some outrage, but is largely a non-event. What is important is that the US economy is holding up despite employment and inflation m ...
Learn moreThe RBA kept interest rates unchanged at 3.6%. It was a unanimous decision. The RBA gets nervous when data comes in higher or lower than their forecasts. Since the last Monetary Policy Board meeting on 11-12 August, June-quarter GDP, the July monthl ...
Learn moreIn August it was the turn for geopolitics to swallow some uncertainty as President Putin went to Alaska. Meanwhile for many central bankers, the (near) future became clearer. Australia cut rates with confidence while Jermome Powell indicated that the Fe ...
Learn moreThe US equity market largely regained the ground lost in April as the market decided that it could see through Trump’s tariff tantrums. Like April, May was marked by more tariffs announcements, followed by more high-level meetings, and followed by ...
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