Opinion
If the RBA was doing its job, it would immediately lift rates
A hot inflation figure on Wednesday would show we are in the grip of a structurally persistent inflation crisis which has been underestimated in three of the last four quarters.
Christopher JoyeColumnistSpeaking to investors out on the road over the last week, two of the biggest topics were whether folks should be loading up on fixed rate (as opposed to floating rate) “duration” exposures and burgeoning controversies swirling around the private credit sector, which the regulator is investigating.
While the US Federal Reserve has been foolishly railroading towards trying to ease policy in September, arguably in the name of offering a tailwind to Donald Trump’s opponents, its best-laid plans could yet be thwarted by the incoming data.
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