As expected, the Fed has held interest rates and promised a patient approach to future rate rises and a more flexible approach to the size and nature of its balance sheet. But their stance has had a strong impact on markets in the immediate aftermath. Meanwhile Brexit appears to have moved into the realms of fantasy negotiations, but as NAB’s Gavin Friend explains to Phil Dobbie, politicians have another bite at the cherry in a couple of weeks having demonstrated their lack of support for a hard Brexit. They also discuss the impact for Australia of rising iron ore prices and the latest CPI numbers. And data providing further evidence of a slowdown in Europe.
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Capital gains tax – a failed experiment in growth
Taxing capital gains less than income tax encourages risk taking and entrepreneurship, which spurs economic growth. So the theory goes.
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Virus worries, UK Chancellor quits, Euro falls further
NAB’s David de Garis talks through the markets confusion over virus numbers and, apparently, how they’re happy to see the back of the UK Chancellor.
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We Want More Home Work
The latest Connected World report from Cisco shows that 3 out of 10 Australians believe the ability to work remotely is not just a privilege, it’s a right.
