The FOMC minutes have markets inflation fears rising. And take a look at the job openings, says NAB’s Ray Attrill. The labour market in the US is still very tight, so there’s no suggestion of the Fed easing their path of rate rises anytime soon.
A calm session on the markets. NAB’s David de Garis says there’s still uncertainty over what’s round the corner. Meanwhile, Australia inflation falls. Does that mean job done for the RBA? https://podfollow.com/nab-morning-call
In the Thirties the Chicago Plan proposed that banks had no part in money creation. Good idea or bad? Me and @profstevekeen on this week’s Debunking Economics podcast https://podfollow.com/debunking-economics-the-podcast
