-- Australia’s central bank may have no choice but to resume raising interest rates this year if inflation fails to slow, according to money markets, setting it up as a potential outlier to a post-pandemic global tightening cycle that has all-but ended.Key Engines of US Consumer Spending Are Losing Steam All at OnceAside from Japan, which only began hiking this year, Australia is the only developed economy where money markets are still pricing some chance of a rate increase.
Economists at ING Groep NV last month pushed out their call for a first RBA cut to 2025 from 2024, warning that “we are only one bad inflation report from amending our forecasts to include some additional tightening.”Another strong quarterly price print would worry the inflation-targeting central bank. The board resumed rate-hike discussions at its May meeting and has said it isn’t ruling anything in or out.
The rate-setting board next meets on June 18 when no change is expected. Ahead of that, policymakers will get a chance to assess other data: first-quarter GDP on Wednesday and another round of labor market data the week after. “The reality is that those of us who were not long ago anticipating a policy rate reduction this year may have to cool their heels for a while yet,” he said. “So might a government that heretofore had been anxiously anticipating a pre-election policy rate decline.
The AI tool is designed to show users “how they and the market have behaved in similar circumstances and helps them correct for bias and improve their process.”Donald Trump has joined the popular video-sharing app TikTok, a platform he once tried to ban while in the White House, and posted from a UFC fight two days after he became the first former president and presumptive major party nominee in U.S. history to be found guilty on felony charges.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »