AUD – Page 7 – ricardian ambivalence

McCrann riffs on Yellen

The Sun’s Terry McCrann has published a great column on the nomination of Yellen and what it might mean for

The October RBA Statement had only a few changes from their September statement. Overall, my assessment is that there is

The RBA set the cat amongst the pigeons yesterday, by dropping the ‘scope to ease’ section from their concluding paragraph.

The September RBA meeting is unlikely to be a big event. While i am sure that Gov Stevens still believes

The RBA changed the language of their concluding statement in the minutes of the August meeting. Gone was the following

Last night’s ‘economic debate’ on QnA was a fairly partisan affair, with the crowd cheering even the lamest lines from

Economists do not make good psychologists, so when i hear my colleagues talk about ‘confidence’ my skin crawls. If you

The market got the RBA statement wrong today — Australian interest rate futures sold off and the AUD rallied following

I missed the mark with regard to Gov Stevens’ speech yesterday, at least as far as the market was concerned.

Following the Q2 CPI report, the market is pricing the August meeting at ~80%. There are decent reasons for this:

There was some confusion about core CPI yesterday, thanks to the divergence between trimmed mean CPI & weighted median CPI

The Q2 CPI result came in around where i was expecting, with headline CPI a little higher (it was 0.4%q/q