The FOMC is predicting two rate rises in 2023. NAB’s Gavin Friend wonders whether the revised growth and inflation forecasts support this shift in position.
The floating of currencies has created a massive forex industry. @ProfSteveKeen says it has made life harder for speculators, which is a good thing, but the world missed a trick when it ignored Keyne’s idea of the Bancor. https://t.co/NJDPcI33JI