The Fed's Comment on Interest Rate Rises

Australia's next Reserve Bank governor Michelle Bullock has suggested most bars quote can handle somewhat higher interest rates end quote because those with a home loan are more likely to be rich. The Reserve Bank of Australia on Tuesday left interest rates on hold for the second straight month at an 11 year high of 4.1%, but on Friday revealed more borrowers needed help buying food. So, you know, we're in that last leg with the tape form where it dies or we die. It doesn't look so as cheery as Ms. Bullock would have it.