Category Finance
Finance News
AUD/USD support: RBA on hold with strong jobs market, sticky CPI; Fed policy divergence
HSBC is eyeing the RBA higher for longer vs. an easing Federal Reserve. Various reports from analysts at the bank cite the strong labour market report yesterday alongside sticky high inflation as helping to bolster both: market expectations for the Reserve Bank of Australia to keep rates unchangedand…
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CBA shifts expected RBA rate cut timing to December 2024 (from November)
CBA have moved their expected timing of the first Reserve Bank of Australia rate cut from November 2024 to December 2024 expect a 25bp cutrecent strength in employment growth coupled with still relatively hawkish rhetoric from the RBA Governor means we now see December as the more likely…
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UBS forecasting many more Federal Reserve rate cuts, forecast S&P 500 to 6200
UBS on the Federal Open Market Committee (FOMC) rate cut and outlook for US equities. In summary: With signs that inflation is being brought under control, the Federal Reserve can now shift its focus to fostering job growth and economic expansion while managing the risk of a recession.…
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BlackRock is wary of the Federal Reserve 50bp rate cut, watch the word “recalibration”
Analysts at BlackRock are wary of Wednesday’s move from the Federal Open Market Committee (FOMC), describing the extent of the rate cut as unexpected. They say that while the 50bp cut might benefit the markets in the short term, they believe it also increases the likelihood of more…
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Major US stock indices close sharply higher helped by foreign buying after Fed rate cut
The major stock indices moved sharply higher overnight in the Asian and European sessions after the FOMC rate decision gave foreign buyers a nudge to plow back in the US stocks. In the US session the day momentum continued with the NASDAQ index leading the way The NASDAQ…
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Forexlive Americas FX news wrap: Dollar softer as the market digests the Fed decision
US initial jobless claims 219K vs 230K estimateSeptember Philly Fed +1.7 vs -1.0 expectedUS August existing home sales 3.86m vs 3.90m expectedECB’s Schnabel: Inflation outlook remains challenging, policy vigilance neededCanadian consumer spending struggled in August – RBC trackerBOE leaves bank rate unchanged at 5.00%, as expectedBOE’s Bailey: Optimisitic…
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ICYMI: US Treas Sec Yellen said the Fed rate cut is ‘very positive sign’ for economy
US Treasury Secretary Yellen spoke at en event in Washinton DC on Thursday. Yellen was Chair of the Federal Reserve System before Powell, and is now a political appointee. On the rate cut: “It reflects confidence on the part of the Fed that inflation has come way down…
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