RBA Saw Signs Economy Responding to Rate Cuts
March 19 (Bloomberg) -- The Reserve Bank of Australia said there are signs the economy is responding to half-century low interest rates, even as it reiterated a readiness to cut further amid a higher currency, minutes of its March 5 meeting showed. Paul Allen reports on Bloomberg Television's "First Up." (Source: Bloomberg)
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The Inflation Sensation Making Investors Think Twice
28:09 - Jeffrey Gundlach, who in late 2014 said “TIPS are for losers,” now views Treasury Inflation Protected Securities as a good investment amid rising inflation. The securities have returned 7.5 percent in 2016, compared with a 4.5 percent gain for nominal U.S. sovereign debt, Bank of America Corp. indexes show. In Europe, ECB President Mario Draghi has come under fire in German media for causing an “inflation trap” -- an extended period of low interest rates paired with price gains that hurt the country’s savers. Goldman Sachs European Equity Strategist Sharon Bell discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."