On Australia’s Inflation, US Manufacturing, And S&P 500 Earnings

The Reserve Bank of Australia has been raising interest rates, with more hikes likely to come, to battle the highest rate of inflation among developed countries. William looks at the source of the problem and its global ramifications. … Also: Melissa examines the state of US manufacturing. Can the recent pickup be sustained? Will foreign nations’ pledges to manufacture in the US dry up now with the threat of country-specific tariffs off the table? … And Joe shares historical data on estimate revisions for S&P 500 companies that bode well for analysts’ earnings expectations this year.