Goldilocks at Chifley Square
The current level of the cash rate is assessed as being just right for the […]
Wedge Issue: What’s Driving the Gap Between CPI and PCE Inflation?
Summary Progress in reining in inflation is further along by some measures relative to others. […]
Bank of England Review – Gearing Up for a June Cut
At today’s monetary policy meeting the BoE left the Bank Rate unchanged at 5.25% as […]
March FOMC Meeting: Still Building Confidence
Summary As was widely expected, the FOMC left the fed funds target range unchanged at […]
Fed Review: Not as High, But for Even Longer?
The Fed made no changes to its monetary policy in the March meeting, as widely […]
A New World Imagined by BoJ, But Not Yet Realised
Strong wage outcomes saw the Bank of Japan end its negative interest rate policy but […]
RBA on Hold, Ruling Nothing In or Out
As was widely expected, the RBA Board left the cash rate on hold at its […]
In Wage Growth the BoJ Hopes
The spring wage decision will reflect cyclical factors rather than a structural shift leaving little […]
March Flashlight for the FOMC Blackout Period
Summary We do not expect the FOMC to change the federal funds rate or alter […]
February CPI: FOMC Still Searching for Confidence
Summary The February consumer price data came in a touch stronger than expected. The headline […]
Opposing Perspectives on China’s Path to Prosperity
China’s National People’s Congress for 2024 and the market response again highlighted how far apart […]