The Reserve Bank is under pressure to raise interest rates at a faster pace after the Federal Reserve lifted its hawkish rhetoric, preparing financial markets for a supersized rate increase in May.
For some economists, bond markets are too aggressive: “We still think June is too early. The RBA’s rhetoric about being patient has not changed despite the Fed and other central banks,” said Westpac rates strategist Jessica Ren. Westpac forecasts the RBA to raise rates in August, similarly to NAB. CBA expects June while ANZ is waiting for the September meeting.The Fed also reiterated its willingness to “increase by more than a quarter of a percentage point each time, if needed”.
“There is no progress, or evidence of progress, in the Russia-Ukraine negotiations. Uncertainty remains exceptionally high and that is something that Fed central bank speakers have been keen to acknowledge while recognising rising inflationary risks,” said Brian Martin, senior economist at ANZ.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Workers set to take a real pay cut of 1.5% as inflation surges, RBA boss warnsPhilip Lowe hopes inflation spike a one-off caused by supply chain disruption and soaring oil prices due to Ukraine invasion What an absolute peanut. The only institution in the country with the sole responsibility for inflation is simply 'hoping' it comes down. We've been going backwards for a decade + Lowe's been saying it for years...every lever the RBA have at their disposal relies on modest wage increases. Not a problem previously as no govt deliberately introduces hardship simply to satisfy their class warfare ideology...a la LNP. No wage rise for ordinary Australians as long as LNP is in the federal government. Though PM and ministers have never missed a beat in getting pay rises every fiscal year.
Source: GuardianAus - 🏆 1. / 98 Read more »
Fed hawks call for super-sized interest rate increasesThe Fed could raise interest rates again with a super-sized move in May after hawkish policymakers called for aggressive steps even at the risk of stalling the economy.
Source: FinancialReview - 🏆 2. / 90 Read more »
Australia to cement ties with India and bring on pressure over RussiaAustralia will cement ties with India in a series of deals worth almost $190 million in a renewed effort to tighten the “Quad” agreement and bring pressure to bear on Russia to end its war against Ukraine Bollocks $190m? It’s an interim election stunt so the grandstanding gaslighted can wear a glory cape but overseas the full sign up is December. Puerile news org.
Source: smh - 🏆 6. / 80 Read more »
Australia to cement ties with India and bring on pressure over RussiaAustralia will will strike a series of deals worth almost $190 million in a renewed effort to tighten the “Quad” agreement and bring pressure to bear on Russia. auspol India quad yeah ok How about we stay the hell out of it? Will it be directed towards climate change?
Source: theage - 🏆 8. / 77 Read more »
Australia to cement ties with India and bring on pressure over RussiaAustralia will cement ties with India in a series of deals worth almost $190 million in a renewed effort to tighten the “Quad” agreement and bring pressure to bear on Russia.
Source: brisbanetimes - 🏆 13. / 67 Read more »
Workers set to take a real pay cut of 1.5% as inflation surges, RBA boss warnsPhilip Lowe hopes inflation spike a one-off caused by supply chain disruption and soaring oil prices due to Ukraine invasion What an absolute peanut. The only institution in the country with the sole responsibility for inflation is simply 'hoping' it comes down. We've been going backwards for a decade + Lowe's been saying it for years...every lever the RBA have at their disposal relies on modest wage increases. Not a problem previously as no govt deliberately introduces hardship simply to satisfy their class warfare ideology...a la LNP. No wage rise for ordinary Australians as long as LNP is in the federal government. Though PM and ministers have never missed a beat in getting pay rises every fiscal year.
Source: GuardianAus - 🏆 1. / 98 Read more »