RBA leaves door open to interest rate cuts and rises as unemployment risks rise:
abc.net.au/news/2024-03-20/rba-leaves-door-open-to-interest-rate-cuts-and-rises/103608322
Quick Glance: RBA's Stance on Interest Rates Amid Rising Unemployment Risks
- The Reserve Bank considers both interest rate cuts and rises as unemployment risks increase.
- Contrary to expectations, the US Federal Reserve is not likely to cut rates, shifting focus to Australian rate cuts.
- Economic performance and job data are crucial factors influencing future monetary policy decisions.
- Investors and policymakers are adjusting strategies in anticipation of potential rate cuts and economic slowdown.
Story Details
| Last Updated | Mar 21 |
| Total Articles | 11 |
News on this topic
Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
apnews.com/article/unemployment-claims-benefits-layoffs-jobs-economy-e57c4a244554722ef4b5707156c096dd
Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
abcnews.go.com/Business/wireStory/applications-us-unemployment-benefits-dip-210000-sign-job-108343105
Applications for US unemployment benefits dip to 210,000, another show of job market strength
bostonglobe.com/2024/03/21/business/applications-us-unemployment-benefits-dip-210000-another-show-job-market-strength/
More articles on this subject
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Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
apnews.com/article/unemployment-claims-benefits-layoffs-jobs-economy-e57c4a244554722ef4b5707156c096dd
Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
abcnews.go.com/Business/wireStory/applications-us-unemployment-benefits-dip-210000-sign-job-108343105
Applications for US unemployment benefits dip to 210,000, another show of job market strength
bostonglobe.com/2024/03/21/business/applications-us-unemployment-benefits-dip-210000-another-show-job-market-strength/
RBA leaves door open to interest rate cuts and rises as unemployment risks rise: The RBA appears to have learnt from past mistakes by opening up its interest ...
abc.net.au/news/2024-03-20/rba-leaves-door-open-to-interest-rate-cuts-and-rises/103608322
Shock unemployment fall risks delaying interest rate cuts: About 116,000 people gained jobs in February, far above expert expectations of 40 ...
theage.com.au/politics/federal/shock-unemployment-fall-risks-delaying-interest-rate-cuts-20240321-p5fe3v.html
As unemployment drops, so too do expectations of an RBA interest rate cut in the coming months
theguardian.com/business/2024/mar/21/rba-interest-rate-cut-2024-michele-bullock
Does the surprise fall in unemployment mean the Albanese government's 'full employment' ambitions are working?
abc.net.au/news/2024-03-21/unemployment-rate-february-2024-full-employment-reserve-bank/103610500
Australia’s unemployment rate unexpectedly drops from 4.1% to 3.7% in February despite slowing economy
theguardian.com/business/2024/mar/21/australias-unemployment-rate-fell-to-37-in-february-despite-slowing-economy
RBA to ‘increase interest rates three times’: A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three ...
news.com.au/finance/economy/interest-rates/leading-forecaster-warren-hogan-predicts-rba-will-hike-cash-rate-to-51-per-cent-this-year/news-story/f6f2f084778953ccaa0538383f67449f
Australia Inflation Reinforces RBA Case to Keep Interest Rates at 12-Year High: Australia’s inflation came in faster than expected in the first three months of ...
bloomberg.com/news/articles/2024-04-24/australian-inflation-reinforces-case-for-higher-for-longer-rates
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
Chalmers prepares for weak economy to hit budget bottom line: Jim Chalmers is on track to deliver successive budget surpluses, but a slowing economy may force ...
smh.com.au/politics/federal/chalmers-prepares-for-weak-economy-to-hit-budget-bottom-line-20240422-p5flk9.html
Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
theage.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
Inflation rises more than expected, with prices increasing by 3.6 per cent in last year
abc.net.au/news/2024-04-24/inflation-consumer-price-index-march-quarter-interest-rates-hecs/103757332
Dollar suffers PMI hangover, Aussie jumps on inflation surprise: The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling ...
reuters.com/markets/currencies/dollar-shaky-after-euro-rebound-yen-mired-34-year-low-2024-04-24/
Fed's preferred inflation gauge shows price pressures stayed elevated last month: A measure of inflation closely tracked by the Federal Reserve remained ...
abcnews.go.com/US/wireStory/feds-preferred-inflation-gauge-shows-price-pressures-stayed-109688437
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Does Australia’s higher-than-forecast 3.6% inflation dash hopes for an interest rate cut?
theguardian.com/australia-news/2024/apr/25/does-australias-higher-than-forecast-36-inflation-dash-hopes-for-an-interest-rate-cut
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
The unemployment rate has risen slightly to 3.8 per cent: The unemployment rate increased slightly to 3.8 per cent in March, after employment fell by 7 ...
abc.net.au/news/2024-04-18/unemployment-rate-march-2024-3-8-per-cent/103736778
For the first time this term, inflation may not dominate the budget. What will?: Treasurer Jim Chalmers's third budget will be his first not wholly dominated by ...
abc.net.au/news/2024-04-19/inflation-may-not-dominate-budget-night-what-will/103742680
Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
US economic growth falls short of expectations with 1.6 percent annualized gain: U.S. economic growth dipped below 2 percent during the first quarter for the ...
thehill.com/business/4620410-us-economic-growth-falls-short-of-expectations-with-1-6-percent-annualized-gain/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Explainer: Charting the Fed's economic data flow: The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5 ...
reuters.com/markets/us/charting-feds-economic-data-flow-2024-04-05/
Asian benchmarks mostly climb despite worries about U.S. economy: Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the ...
japantoday.com/category/business/stock-market-today-asian-benchmarks-mostly-climb-despite-worries-about-us-economy
How tight labor markets fuel a productivity surge: Scarce workers give companies extra incentive toward efficiency.
axios.com/2024/04/24/labor-market-worker-productivity-fed-economy
SCHY: How The Fed's Policies Make International Dividend Stocks An Attractive Bet
seekingalpha.com/article/4685095-schy-how-fed-policies-make-international-dividend-stocks-an-attractive-bet
Paid articlePaid
Why Joe Biden Really, Really Wants Lower Interest Rates: If Jerome Powell would lower interest rates — and therefore make housing and much of everything else ...
nymag.com/intelligencer/article/why-joe-biden-really-really-wants-lower-interest-rates.html
What Australia and the U.K.'s grocery codes can teach us about Canada's food fight
montrealgazette.com/news/national/what-australia-and-the-u-k-s-grocery-codes-can-teach-us-about-canadas-food-fight
Q2 Update: 2024 Market Outlook on Stocks and the Economy: Our expectations for the US equity market, plus top stock picks for the quarter.
morningstar.com/markets/q2-update-2024-outlook-stock-market-economy
All eyes on inflation as unemployment edges up: The jobs market remains tight despite continued cost-of-living pressures and lacklustre consumer spending - which ...
theage.com.au/politics/federal/all-eyes-on-inflation-as-unemployment-edges-up-20240418-p5fkpw.html
Latest UK inflation fall matches Bank of England expectations, Bailey says: British inflation is broadly declining in line with the Bank of England's forecasts ...
reuters.com/world/uk/boes-bailey-says-latest-inflation-fall-line-with-forecasts-2024-04-17/
Q2 Update: 2024 Market Outlook on Stocks and the Economy: Our expectations for the US equity market, plus top stock picks for the quarter.
morningstar.com/markets/q2-update-2024-outlook-stock-market-economy
After the Bell: The two important questions facing SA’s economy: What will it take to get the economic growth rate moving again? How many times do we have to ask ...
dailymaverick.co.za/article/2024-04-17-bm-tim-atb-2questions/
Global Central Banks Constrained by Steady U.S. Interest Rates: Jerome Powell, Chairman of the U.S. Federal Reserve, recently announced that U.S ...
riotimesonline.com/global-central-banks-constrained-by-steady-u-s-interest-rates/
Antipodean Central Banks Hint At Easing: At their recent meetings, the Reserve Bank of Australia and the Reserve Bank of New Zealand signaled that monetary ...
seekingalpha.com/article/4684240-antipodean-central-banks-hint-easing
Paid articlePaid UK Jobs and Pay Data Poses a Dilemma for the Bank of England: Sticky wages and falling vacancies don’t make the Bank of England’s life any easier.
bloomberg.com/news/newsletters/2024-04-16/uk-jobs-and-pay-data-poses-a-dilemma-for-the-bank-of-england
U.S. GDP growth isn’t cooling off after all—expect more jobs, more inflation, and fewer rate cuts, Wells Fargo says
fortune.com/2024/04/15/economy-outlook-2024-no-landing-more-inflation-growth-fewer-rate-cuts-wells-fargo/
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Easing inflation paves way for softer monetary policy in the Eurozone: As inflation in the Eurozone decelerates to a more manageable rate of 2.4% in March 2023 ...
helsinkitimes.fi/world-int/25123-easing-inflation-paves-way-for-softer-monetary-policy-in-the-eurozone.html
Iran-Israel explosion blows Asia’s Fed hopes asunder: Anyone laughing at Lawrence Summers for predicting that the US Federal Reserve’s next move may be a ...
asiatimes.com/2024/04/iran-israel-explosion-blows-asias-fed-hopes-asunder/
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