Chicago Fed President Austan Goolsbee warned that the artificial intelligence investment boom was increasingly resembling conventional demand overheating, adding to inflation pressures that policymakers have yet to bring under control. Speaking at an event in Chicago on Monday, Goolsbee said, “We’ve got to come to terms with this cost side and inflation side failure in […]
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Australia’s NAB Business Confidence Index edged down from -14 to -15 in October, while Business Conditions slipped from -1 to -2, with both indicators remaining well below their long-run averages. The more concerning development was Read more…
Australia’s Westpac–Melbourne Institute Consumer Sentiment Index fell 2.7% from 80.4 in October to 78.2 in November, its lowest level since late 2022, as inflation and rising borrowing costs continued to undermine household confidence. The deterioration Read more…
The Bank of Japan’s October 29–30 Summary of Opinions revealed growing pressure among policymakers to accelerate interest rate normalization, as underlying inflation was assessed to have reached the 2% target. One opinion argued that the Read more…