Fed Minutes

The Federal Reserve Minutes have suggested further Quantitative Easing (QE) is just around the corner. They can't use monetary policy as their rates are already rock bottom. QE is effectively printing money that they pour into the economy to stimulate and inflate it. They stated that additional monetary stimulus “may be appropriate before long”, but would be dependent on future information about the economic situation and outlook, given the “considerable uncertainty about the
current trajectory for the economy”.

NAB Monthly Business Survey
Australian NAB Monthly Business Survey reported that business conditions improved by 2 points to +7 in September, to be just above the long term average. Confidence was little changed, down 1 point to +10. The survey is consistent with domestic demand running at an annual rate of around 3¼% in Q3 – well down from rates of growth reported in Q2