RBA considered raise in Sept but wants more time to assess past hikes

📆 9/19/2023 4:50 AM
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The Reserve Bank of Australia considered a 25 basis point hike in interest rates before eventually deciding to hold the benchmark cash rate unchanged at 4.1%, the minutes of the central bank’s September meeting released on Tuesday showed. The board noted that weak productivity growth and high services prices inflation were evidence of a case for an increase in interest rates, but that these were ultimately outweighed by the risk that the effects of a tightening cycle that only began in May last year have yet to be felt. “The recent flow of data was consistent with inflation returning to target within a reasonable timeframe while the cash rate remained at its present level,” the minutes showed.

These Canadian dividend stocks now look oversold and offer high yields. The post If You Like Dividends, You Should Love These 3 Stocks appeared first on The Motley Fool Canada.The Canadian dollar strengthened to a one-month high against its U.S. counterpart on Monday as investors grew more optimistic about the global economy and ahead of inflation data that could sway the Bank of Canada's interest rate outlook. The loonie was trading 0.3% higher at 1.3488 to the greenback, or 74.14 U.S.

Hedge funds ditched energy stocks last week for the first time in three weeks, despite a rally in oil prices triggered by the prospect of a widening supply deficit, Goldman Sachs said in a report. The move, according to the bank's prime brokerage unit, was mainly led by short sales, meaning that hedge funds were speculating on a decline in energy stocks' prices.

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RBA considered raise in Sept but wants more time to assess past hikesSYDNEY, Sept 19 (Reuters) - The Reserve Bank of Australia considered a 25 basis point hike in interest rates before eventually deciding to hold the ...
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Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'WASHINGTON (AP) — Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools. When they meet again this week, the policymakers are likely to decide they can afford to wait and see if the progress continues. As a result, they’re almost sure to leave their key interest rate unchanged when their meeting ends Wednesday. The c
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