monetary policy – Page 4 – ricardian ambivalence

troublesome t-bills

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

This is the five year anniversary of the collapse of Lehman Brothers, and the steady stream of retrospectives has given

I have been of the view that the Fed would announce a tapering of their Treasury purchases at the upcoming

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

We’re now on the run into the September FOMC meeting. The key report will be this Friday’s non-farm payrolls report

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

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