Thursday, 27 June, 2024
Q&A: *HAUSER: IT WOULD BE BAD MISTAKE TO SET POLICY ON ONE NUMBER *HAUSER: MONTHLY INDICATOR IS ONLY PARTIAL DATA *HAUSER: WHOLE SERIES OF DATA COMING OUT BEFORE AUG.5-6 *HAUSER: LOT FOR US TO REFLECT ON AHEAD OF AUGUST MEETING *HAUSER: NO-ONE OTHER THAN CENTRAL BANK CAN ANCHOR INFLATION *HAUSER: STRONG JOBS A FACTOR IN STRONG SERVICES PRICES *HAUSER: POSSIBLE IT’S TAKING LONGER FOR POLICY TO FEED THROUGH *RBA DEPUTY GOVERNOR ANDREW HAUSER COMMENTS IN […] Read More
Thursday, 27 June, 2024
Multiple interest rate rises needed to quash inflation John Kehoe – Economics editor https://www.afr.com/policy/economy/multiple-interest-rate-rises-needed-to-quash-inflation-20240627-p5jp62 Economists have warned there is a good chance that the Reserve Bank of Australia will need to raise interest rates multiple times to squash persistent inflation, jeopardising its hopes for a soft economic landing. After the annual inflation rate in May rose from 3.6 per cent to 4 per cent, JBWere chief investment officer Sally Auld said, “at best inflation is […] Read More
Friday, 14 June, 2024
BACK TO LE FUTURE: it seems like an eternity ago since the days of checking in on Eurozone 10yr spreads as a key risk sentiment driver, but here we are again. Macron’s political gamble is having significant ramifications and bond vigilantes are telling him what they think. With NF’s polling lead focussing Le-Pennomics, OATs spreads are highest since 2017 vs Bunds and the CAC40 is experiencing a significant volatility bought. However, this may well play […] Read More
Tuesday, 11 June, 2024
WSJ – Timiraos – Investors on Tenterhooks for Fed’s Latest Rate-Cut Projections Debates around the interest-rate path may obscure greater cohesion over the Fed’s current wait-and-see stance By Nick Timiraos Updated June 11, 2024 12:07 am ET https://www.wsj.com/economy/central-banking/fed-meeting-interest-rate-preview-9eabab49?st=1h4dmxe93thf722&reflink=desktopwebshare_permalink Investors will obsess Wednesday over whether Federal Reserve officials pencil in one or two interest rate cuts this year. For policymakers, difficult decisions and looming divisions over whether and when to […] Read More
Monday, 10 June, 2024
*ECB’S LAGARDE: DISINFLATION SUFFICIENTLY ADVANCED, TO CONTINUE *LAGARDE: NATURAL ECB RATE LIKELY HIGHER THAN BEFORE PANDEMIC *ECB CHIEF LAGARDE COMMENTS IN INTERVIEW WITH VARIOUS NEWSPAPERS *ECB’S LAGARDE: INTEREST RATES AREN’T ON A LINEAR DECLINING PATH *ECB’S LAGARDE: SERVICES INFLATION IS OUR WEAK SPOT *ECB’S LAGARDE: LAST WEEK’S INTEREST-RATE CUT WAS APPROPRIATE *ECB’S LAGARDE: WE’RE NOT ON A PREDETERMINED RATE PATH *ECB’S LAGARDE: THERE MIGHT BE PERIODS WITH RATES ON HOLD *ECB’S LAGARDE: WE KNOW THERE […] Read More
Friday, 24 May, 2024
GOLDMAN SACHS EXPECTS U.S. FEDERAL RESERVE TO START CUTTING INTEREST RATES IN SEPTEMBER, VS PRIOR FORECAST OF JULY – Reuters News Read More
Thursday, 16 May, 2024
{EU} RX TECHS The Wall – remains intact and the trendline resis will still play well on the weekly charts as tech resis into the closes. (As the weeklies will eliminate the nip through on the charts) Today was a crucial day to close above the trendline resis however this fall will be ok if it’s a small period of consolidation. So lets remain bullish for a break if above 131.39 and TY above 16 Read More
Thursday, 16 May, 2024
Bridgewater founder Ray Dalio warns of danger of US debt on Treasury market Ray Dalio, the billionaire founder of hedge fund giant Bridgewater Associates, has warned that the US government’s rising debt levels could hit Treasury bonds, arguing that investors should move some of their money to foreign markets. In an interview with the Financial Times, Dalio described his wide-ranging concerns about the US, including its debt load, the risk of what he calls a […] Read More
Tuesday, 07 May, 2024
Jobs, inflation data key to next interest rate move Michele Bullock is keeping her cards close to her chest ahead of key inflation data which will decide the RBA’s next move. Terry McCrann May 7, 2024 – 5:41PM https://www.heraldsun.com.au/business/mccrann-jobs-inflation-data-key-to-next-interest-rate-move/news-story/d91efad8739a703f65bd052354f9f8fd Interest rates. It’s now on to the Reserve Bank’s meeting in early August. Right now, the next meeting, in mid-June, is shaping up to be a repeat of this one. The […] Read More
Monday, 06 May, 2024
Philip Lowe warns rates could rise again Patrick Durkin and John Kehoe May 6, 2024 – 5.00am https://www.afr.com/policy/economy/philip-lowe-warns-rates-could-rise-again-20240505-p5fozd Former Reserve Bank of Australia governor Philip Lowe has joined former governor Glenn Stevens in warning the fight against inflation “isn’t done” and any upside surprises would “mean the case for increasing interest rates would mount”. Governor Michele Bullock is expected to upgrade the bank’s near-term inflation forecasts and use more hawkish […] Read More
