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Gold's Enthusiasm Challenged by Fed Rate Cut Uncertainty
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Inflation continues to moderate and is expected to return to the target range of 2–3 per cent in 2025 and to reach the midpoint in 2026. Goods price inflation has declined but ...
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per ...
Australian shares fell for a second consecutive session on Tuesday, weighed down by commodity stocks, while investors awaited the domestic central bank's interest rate decision. ...
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Australia looks set to pass a reshaped tax cuts bill, that would give low-income earners more breaks and trim benefits to the wealthy, as the opposition pledged support on Tuesday ...
post: <AUD=>: *BULLOCK: HAVE MADE GOOD PROGRESS ON INFLATION *BULLOCK:BUT `JOB NOT DONE' ON INFLATION *BULLOCK: RISK REMAINS INFLATION EXPECTATIONS DRIFT FURTHERRBA's Bullock: We still have got a "little way to go" to get inflation down We are not ruling anything in or out on policy. • We still think risks are balanced. • What we're really looking for is data that assures that inflation is coming back to target. • We've had good news so far on inflation but it still has a '4' in front of the the inflation rate. • We don't want inflation expectations to rise. • Tax cuts are not a material issue for inflation and spending. • We need to be sure we won't have to backtrack on inflation. • I feel we are potentially on the narrow path to getting inflation back to target, cites 2.8% 2025 inflation forecast. The Australian dollar is at the highs of the day during the press conference but it's also coming alongside reports about China helping the stock market. post: RBA’s Bullock Says The November Hike Was Not A Mistake
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- Posted: Feb 5, 2024 10:50pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 247