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Here are five things you must know for Thursday, August 11:1. — Stock Futures Higher As Fed Rate Bets Fade U.S. equity futures bumped higher again Thursday, with the dollar nursing its biggest one-day decline in five months, as investors looked to re-set rate expectations from the Federal Reserve following yesterday’s softer-than-expected July inflation reading.Plunging gas
And, after acknowledging Australia’s productivity slowdown, it must commit to the orthodox pro-market economics that have generated prosperity for Australians since the Hawke and Keating reforms of the 1980s.The path to the summit hasn’t been promising, and the prime minister is part of the problem.Unless Mr Albanese can get the 100 summiteers focused in this
The three main ideas the ACTU proposes are: getting the RBA to focus less on inflation-targeting and more on “full employment”, increasing regulation of the labour market to ensure that “real wages grow at least as fast as labour productivity”, and using a raft of price controls across the economy.First, the RBA. The central bank