Please try another search
DXY is still firm as EUR struggles:
AUD jackknifed over the hawkish RBA:
Commodities are waiting on China:
Bug Miners too:
EM stocks are having another crack:
So is junk:
The Treasury curve flattened again:
As the AI bubble sucks ’em in:
Cash rate futures markets are pricing another RBA hike by October:
My own view is that it will take some top-tier data turning openly recessionary to prevent the central bank from hiking again in July.
TD Securities reckons August:
It was a line ball call for today rate decision but the RBA firmly showed its resolve to return inflation back to target by raising the cash rate target to 4.10%. We expected a 25bps hike today, contrary to the consensus for a hold as the upside surprise in the Apr inflation print and higher-than-expected Fair Wage Commission decision presented a strong case for the Bank to move sooner.
The RBA is cognizant of the pickup in public sector wages and the signalling effect from the recent rise in award wages. Interestingly, the Bank dropped its key sentence on “medium-term inflation expectations remains well anchored” – (this was in every MPS since Jul’22) which in our view reads hawkish. We expect another 25bps hike from the RBA though we think the Bank would prefer to move again in August after the release of official Q2 CPI and updated wage forecasts from the RBA’s staffers.
The forthcoming wage rises in the public sector and awards are a blip. Leading indicators for the jobs market are clearly wage negative.
But that is not relevant if the RBA’s reasoning for hiking is a gap between productivity and wages.
If so, it will have to hike at every meeting from here to eternity.
Following the ECB, all eyes are on the Fed's upcoming interest rate decision, and the US central bank is anticipated to hold rates steady. Our proprietary tool now indicates a...
Stocks rallied on Monday, ahead of an eventful two days. Meanwhile, the market is also busy repricing its rate path for the Fed policy, with Fed Futures now seeing fewer than three...
Asian share markets are in mixed mood as both the BOJ and RBA meetings put some volatility into local currencies as well as stocks, with dovishness sending them both down against...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.