Inflation: raising interest rates was never the right medicine 
The yen plunges to 34-year low despite interest rate hike 
Why central banks are too powerful and have created our inflation crisis 
China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders 
Will the RBA raise rates again? Unless prices surge over summer, it's looking less likely 
As treasurer, Bill Hayden set Labor on the path to economic rationalism 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Upcoming:
- Japan: Tertiary industry report will be released at 4:30 GMT.
- Italy: Industrial output report for January will be released at 9:00 GMT, followed by wage inflation report at 10:00 GMT.
- Germany: Bundesbank will release the monthly report at 11:00 GMT.
- Portugal: Global trade balance will be reported at 11:00 GMT.
- Eurozone: ECB President Draghi is scheduled to speak at 13:30 GMT.
- United States: Labor market condition index for February will be reported at 15:00 GMT.
- Auction: U.S. will auction 3-month and 6-month bills at 16:30 GMT.
