monetary policy – Page 3 – ricardian ambivalence

Slowest-ever wages

At first glance, the Q3’17 WPI print was a stable at 0.5%q/q (2.0%y/y) — however once you look at the

The RBA has set things up to resume the easing cycle that began in 2011 (I never believed in the whole ‘neutral’

The 0.8%q/q GDP print looked pretty good at the headline level, and the 2.75%y/y (v. RBA at 2.5%y/y) looked even

Finding what you expect is a common failing of human beings — however I doubt it is wishful thinking that’s

A funny thing happened yesterday. It was not the RBA dropping their easing bias — which was fairly obvious given

These three charts summarise the state of the labour market — and the September employment report. The good news is

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

Last night’s four week US T-bill auction result was a little odd. The auction of US$30bn of four week paper

According to Gallop’s daily survey, US economic confidence has crashed as a result of the government shutdown. The FOMC decision

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

The monthly US PCE report is one of my favourite. US consumption is not just a bit part of the

The Federal Reserve’s decision NOT to announce a slowing of the pace of their asset purchases at their September meeting