UK Data Eyed as Pound Celebrates Labour Win

Markets Fed Chair Powell before Congress yesterday reiterated that the US economy is coming into better balance. It made considerable progress toward the Fed’s 2% target. The labour market has cooled but remains strong. Even so, data still have to provide the MPC greater confidence that inflation is sustainably moving to target. Recent readings showed […]

The RBA Board held rates steady today, as expected by almost everyone. It is still not ruling out a hike, but nor is it ruling out a cut once it achieves sufficient confidence that inflation will return to the 2–3% target range sustainably. The RBA Board held rates steady today, as expected by almost everyone. […]

The Federal Reserve (Fed) decision yesterday was… interesting. As expected, the Fed kept its rates unchanged and said that they are not confident to cut the interest rates as inflation has started to show signs of heating up. Jerome Powell reassured that the Fed’s next move will unlikely be a rate hike. That was a […]