Thursday, 19 October, 2023
Terry McCrann – The odds are good that interest rates will stay on hold on Melbourne Cup Day Read between the lines – it would take a seriously high CPI number to bring a rate hike onto the agenda on Cup Day. October 19, 2023 – 5:03PM https://www.heraldsun.com.au/business/the-odds-are-good-that-interest-rates-will-stay-on-hold-on-melbourne-cup-day/news-story/0141b49f4ef67d3ffa5aa08d78121d13 Understanding Michele, the other seven directors of the Reserve Bank, interest rates, and what’s happening in the Australian and broader global economies. […] Read More
Tuesday, 17 October, 2023
Terry McCrann – The new RBA governor is not looking for any excuse to impose further rates pain. Relax – new RBA governor Michelle Bullock is not looking for any excuse under the sun to raise rates. October 17, 2023 – 5:31PM https://www.heraldsun.com.au/business/the-new-rba-governor-is-not-looking-for-any-excuse-to-impose-further-rates-pain/news-story/38440ba5f9ebec8524065fbfbeb645b1 No, new Reserve Bank governor Michele Bullock is not itching – desperately, desperately, wanting an excuse, any excuse – to pull her shiny new interest rate lever. […] Read More
Friday, 13 October, 2023
No images? Click here AFR: One in five borrowers are screwed The Reserve Bank of Australia likes to spin that “most” borrowers are fine, but between 15 and 20 per cent are in trouble. Christopher Joye, portfolio manager, Coolabah Capital Investments Over at the AFR I write that the inflation data out of the US on Thursday offered a sobering reminder that we remain entrenched in the higher-rates-for-longer paradigm, with profound yet only […] Read More
Tuesday, 10 October, 2023
{gb} *BOE: HOUSE PRICES LIKELY TO FALL FURTHER IN MANY ECONOMIES *BOE: HIGH DEBT-SERVICING RATIOS RISING AMONG UK HOUSEHOLDS *BOE MAINTAINS COUNTERCYCLICAL CAPITAL BUFFER RATE AT 2% *BOE: CORPORATE SECTOR BROADLY RESILIENT TO HIGHER RATES *BOE: UK HOUSEHOLD FINANCES REMAIN UNDER PRESSURE *BOE PUBLISHES RECORD OF FPC MEETINGS ON SEPT. 26 AND OCT. 5 *BOE TO RUN DESK-BASED STRESS TEST EXERCISE IN 2024 *BOE: BANKS STRONG ENOUGH TO DELIVER SUPPORT IN WORSE SCENARIO *BOE: DESK-BASED […] Read More
Friday, 06 October, 2023
Why the Fed will again have to slash rates to zero and relaunch QE A very slow-burning fuse has finally, and suddenly, reached the powder keg AMBROSE EVANS-PRITCHARD 6 October 2023 • 6:00am https://www.telegraph.co.uk/business/2023/10/06/why-fed-will-again-slash-rates-zero-relaunch-qe/ The US economic expansion is being kept afloat only by extreme fiscal stimulus and war-time deficits, an astonishing state of affairs at the top of the cycle. The federal government is unable to fund this scale of borrowing from US domestic […] Read More
Wednesday, 27 September, 2023
{AU} Terry McCrann No rate rise Tuesday but still a chance in 2024 New RBA governor Michele Bullock won’t raise rates on Tuesday but surging wages – egged on by the off-the-leash IR minister Tony Bourke – could actually force hikes in 2024. September 27, 2023 – 4:53PM https://www.heraldsun.com.au/business/terry-mccrann/no-rate-rise-tuesday-but-still-a-chance-in-2024/news-story/9d51f1d977c535f8796cc70827f0ed76 Michele Bullock presides over her first meeting as Reserve Bank governor next Tuesday. She will lead her board to leave the official interest rate unchanged. Wednesday’s […] Read More
Thursday, 21 September, 2023
(BN) BOJ Meets With Focus on Yen, Ueda’s View on Rates: Day Guide (1) Read More
Thursday, 21 September, 2023
European Central Bank (ECB) interest rates have likely peaked and its next move is expected to be a cut, Greek central bank chief Yannis Stournaras told German newspaper Boersen-Zeitung, pushing back on colleagues keeping another hike in play. The ECB raised rates for the 10th straight time last week but signalled a pause, with markets taking its guidance to mean an end to the steepest pace of policy tightening for the 20-nation euro area. While […] Read More
Wednesday, 20 September, 2023
Quantitative strategists at BofA raised their year-end target for the S&P 500 to 4,600 from 4,300, saying that the net message of the bank’s five indicators — including on the macro cycle, valuations and positioning — is bullish. New target implies about 3.5% upside from Tuesday close Strategists led by Savita Subramanian also note that “AI is part of this,” as well as automation and labor efficiency They see better returns for the equal-weighted S&P […] Read More
Wednesday, 20 September, 2023
*GBP/USD EXTENDS LOSSES AFTER UK CPI, DROPS 0.4% TO 1.2346 Read More
