The US Fed has revised its growth forecasts for this year and next, and removed all dot points for rate moves this year. Phil Dobbie talks to NAB’s Ray Attrill about the news, which was more dovish than many had expected. There’s been a positive response on the equity markets. Meanwhile, ahead of next week’s China trade deal President Trump has suggested tariffs will remain in place for a substantial period of time. There’s no time for Theresa May’s government, though, with the EU indicating an extension will only be provided if the UK parliament votes in favour of the withdrawal agreement. Unless, of course, they change their mind at the last moment. There’s also discussion about today’s Australian employment data, which the RBA has highlighted as a key factor when determining future rate moves.
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Can Central Banks Save Us from Climate Change?
Can climate change be fixed by those who helped us into this mess? Me and Prof Steve Keen on whether central banks have a role to play in mitigating the impact of climate change:
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Five Ways Your Brain Can Boost Productivity
Dr David Rock says there are five domains of human social experience. Your brain will treat each according to whether the situation presents a threat or provides a reward.
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A Temporary Change in Direction
Inflationary pressures remain, but the focus is how quickly the prices will come down, says NAB’s Taylor Nugent. It’s all keeping markets guessing, with this morning reflecting a turnaround on yesterday for bonds, the dollar, oil prices and, to an extent, equity prices.
