In a speech today, RBA Assistant Governor Sarah Hunter highlighted that while conditions in the Australian labor market have eased since late 2022, the market remains “tight relative to full employment.” Looking ahead, Hunter expects labor demand to slow in comparison to labor supply, which should bring the market “into better balance” over the coming […]
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The Fed announced its first rate cut with a relatively balanced rhetoric History points to a high probability of back-to-back moves Dollar/yen and Treasury yields tend to drop until the second rate cut Barring a Read more…
U.S. Highlights The Federal Reserve started its easing cycle with a bang, reducing the policy rate by 50 basis points (bps), bringing the target range to 4.75%-5.0%. Futures markets are pricing an additional 75 bps Read more…
Summary United States: Recalibrating the Monetary Policy Stance The commencement of monetary policy easing comes at a time when overall economic growth remains solid, supported by stronger-than-expected retail sales, industrial production and residential construction in Read more…