RBA Has 'Blunt Tool' at Their Disposal
Ben LeBrun, Market Analyst, Options Express, Sydney
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With interest rates at a record low of 1.5%, the Reserve Bank of Australia is having to balance rising housing prices while stemming growing unemployment. Ben also provides an outlook on what could be a testing 48 hours for US President Donald Trump, as he meets with Chinese President Xi Jinping while attempting to overhaul Obamacare and swear in his Supreme Court nominee.
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Tags: property bubble, foreign investor, growing unemployment, trade surplus, commodities rebound, monetary policy, political tool, fiscal plan, Obamacare overhaul, Neil Gorsuch, Supreme Court, political headwinds, trade relations, North Korea, currency manipulation