tweet at 7:09pm: RBA'S GOV. LOWE: NOMINAL WAGE INCREASE IS NOT A PROBLEM, BUT PRODUCTIVITY IS. tweet at 7:10pm: *RBA’s Lowe: Very Much in Data-Dependent Mode on Interest Rates *RBA’s Lowe: Monetary Policy in Restrictive Territory RBA’s Lowe: Not a Single Variable That Drives Our Decisions tweet at 7:19pm: RBA'S GOV. LOWE: THE CENTRAL BANK CANNOT AFFORD TO ALLOW INFLATION TO CONTINUE OVER TARGET BEYOND MID-2025.
This year's slide in oil has been painful to commodity bulls, and none more so than famed oil hedge fund manager Pierre Andurand whose already bad year is getting worse. Bloomberg reports that after dropping another 9.4% in May, his main Andurand Commodities Discretionary Enhanced Fund has extended this year’s slump to almost 46%, making this the worst-ever ...