Australia’s home ownership rate peaked at 73 per cent in 1966, but is about 63 per cent today. Here are some ideas to fix a damaging crisis that has morphed into a political, economic and social problem.AUD +0.6% to 66.08 US centsIn New York: BHP +4.1% Rio +3.5% Atlassian +4%Spot gold -1.3% to $US1952.44/oz at 1.43pm in New York10-year yield: US 3.69% Australia 3.64% Germany 2.31%FOMC is the acronym for the Federal Open Market Committe, or the policy committee of the US central bank.
“The divergence between market expectations and our forecast is mostly attributed to the forecast for inflation. Plugging in the market’s expectation for future inflation into various Taylor rules would imply rate cuts occurring sooner and more aggressively than in our baseline forecast.”: “I still think there is more merit to front-loading as long as the data supports it rather than a fits and starts path forward.