Philadelphia Fed President Patrick Harker indicated overnight that his base case scenario includes one interest rate cut by the end of the year, contingent on several more months of improving inflation data. Harker emphasized the need for ongoing assessment, stating, “If all of it happens to be as forecasted, I think one rate cut would […]
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Key Highlights USD/JPY started a fresh increase above the 145.00 resistance. A key bullish trend line is forming with support at 145.80 on the 4-hour chart. EUR/USD declined below the 1.1075 support level. GBP/USD trimmed Read more…
Key insights from the week that was. In Australia, the week began with the Federal Government’s announcement of a better-than-expected final budget outcome for 2023/24, a second consecutive surplus of $15.8bn. Relative to May’s estimates, Read more…
The RBA no longer says that wages growth is too high to be consistent with inflation returning to target. But how did it come to that conclusion in the first place? Last week we noted Read more…