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| NEWS : Roy Morgan Press Releases : | |||
US Consumer Confidence drops – in Australia, the Inflation debate hots up!
Overnight, ABC News America reported a drop in consumer confidence in the US that lead to sharemarket falls and calls for lower interest rates!
On April 11, 2008, Roy Morgan Consumer Confidence rating was 100.2 (down 24.2) - the lowest level since September, 1993. On April 9, 2008, Roy Morgan Consumer Confidence rating showed Australia has a trend that is similar to the US.
Today (Wednesday April 30, 2008), The Australian editorial says: “Even Economists must keep an Open Mind” to interest rate movement.
Further, Henry Thornton contributes: “Enough is Enough”.
Yesterday, I called for a realistic reaction to domestic monetary policy (The RBA needs to consider “True” Unemployment when setting Interest Rates - not just the ABS “CPI”) to help all people who want to work to be able to do so, and to be fairly paid for their labour.
Gary Morgan Executive Chairman Roy Morgan Research
For further information: Gary Morgan: Office +61 3 9224 5213 Mobile +61 411 129 094 Michele Levine: Office +61 3 9224 5215 Mobile +61 411 129 093 |
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