Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon 
The RBA has kept interest rates on hold. Here's why it'll be cautious from here on 
Why central banks should stop raising interest rates 
Why the Bank of England is now more upbeat than the IMF 
Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong 
Governments have been able to overrule the Reserve Bank for 80 years. Why stop now? 
As treasurer, Bill Hayden set Labor on the path to economic rationalism 
Why central banks are too powerful and have created our inflation crisis 
Interest rates: Monetary policy is always political as central banks opt to back the financial sector 
What central banks are doing to safeguard financial stability and why they must proceed with caution 
The Federal Reserve held off hiking interest rates 
If the RBA’s right, interest rates may not fall for another year. Here’s why. 
The Fed met expectations by not raising rates and setting off a global market rally. Tomorrow the Bank of Japan has its turns at additional monetary stimulus. The ECB already signaled intentions in December for more stimulus and China's PBoC just finished its sixth stimulus for the year with plenty of room for more. The thought is that perpetual monetary stimulus is good for economic growth, corporate earnings, and jobs.
"We are not entirely sure about that since extraordinary monetary stimulus is still needed nearly seven years into this bull market but we are sure that it raises asset prices and that is good for this bull market", says Voya Global.
Meanwhile, the first estimated Q3 GDP report was released and it was below expectations at 1.5 percent but highlighted a very strong consumer (PCE) growth of 3.2 percent, with a big increase in disposable income from falling energy prices of 4.8 percent.
