The latest independent survey on price inflation in Australia shows opposing trends, leaving the RBA with further room to sit and wait.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Dian Chu of EconMatters suggests QE2 will go down as one of the Federal Reserve’s worst monetary policy initiatives.
A brief look at important company events and economic data releases next week.
Some more favourable earnings reports and no GDP surprise pushed Wall Street ever higher last night as the US dollar continued to slip away. Dow up 72.
Morgan Stanley warns that if emerging market economies, and China in particular, misread inflation, the consequences will not be pretty.
Economists are at odds as to whether a stronger Aussie dollar is here to stay.
Another rally on Wall Street lent itself half to more solid earnings results and the latter half to Ben Bernanke’s press conference. Dow up 95.
A big jump in headline inflation and a not insignificant rise in core inflation has caught economists, and possibly the RBA, by surprise.
Investment U’s Tony D’Altorio believes import inflation is endangering the prospects for US consumers.