The Reserve Bank Board meets next week on February 1. The Governor will be addressing the National Press Club on February 2 and the Bank will release its February Statement on Monetary Policy on February 4. On January 20 Westpac surprised most analysts by forecasting that the first rate hike by the RBA will be […]
The post New Forecasts in RBA SOMP to Be Consistent with Rate Hike in 2022 appeared first on Action Forex.
Minneapolis Fed President Neel Kashkari signaled that a rate cut at the December meeting remains a “reasonable consideration,” reflecting ongoing debates within the central bank. Speaking to Bloomberg TV, Kashkari stated, “Right now, knowing what Read more…
Chicago Fed President Austan Goolsbee has reiterated his support for gradual reduction in the fed funds rate, provided there is no “convincing evidence of overheating” in the economy. He noted that the pace of rate Read more…
Gold prices experience significant drop due to hopes of a Lebanon-Israel ceasefire and the announcement of Scott Bessent as US Treasury Secretary. US Treasury yields fall and the dollar weakens in response to Bessent’s expected Read more…