Why central banks are too powerful and have created our inflation crisis 
Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages 
As treasurer, Bill Hayden set Labor on the path to economic rationalism 
The Federal Reserve held off hiking interest rates 
Governments have been able to overrule the Reserve Bank for 80 years. Why stop now? 
Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong 
Why central banks should stop raising interest rates 
Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it 
The U.S. treasury auctioned several bonds last night and the yield in those auctions indicated that the financial markets are not overly worried about or betting for further sharp hikes from the U.S. Federal Reserve, which has hikes rates thrice since last December.
Treasury auctioned 3-month bills at 102 basis points, which is 2 basis points higher than the previous auction a week ago but 16 basis points lower than in July. The 2-year auction yielded 134.5 basis points, which is 5 basis points lower compared to the previous auction in July. The 5-year auction yielded 174.2 basis points, down 14.2 basis points the previous auction in late July, and down 31.5 basis points from its auction in December.
The Federal funds future is also pointing to a receding hike bets. According to today’s value, the market is pricing just 31.5 percent chance that there will be a 25 basis points hike in December.
