Yesterday the RBA mentioned the big I word on a number of occasions and hinted that the next rate move in Australia might be up. Today, the head of the Chinese central bank, Zhou Xiaochuan, says that the Fed must reassure people that it is doing everything in its power to curb inflation.
Why all this talk of inflation when there is no evidence of any? Why did gold fall so much last night? Sorry I don’t have any answers, just questions.