Governor’s statement slightly more hawkish than in December. We confirm our forecast for the cash rate to peak at 3.85% in May. The Reserve Bank Board decided to increase the cash rate from 3.10% to 3.35% at its February meeting. That decision was in line with market expectations and the Westpac view. The major area […]
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US equity markets experienced a slight downturn due to concerns about inflation impacting consumer spending, highlighted by Walmart’s cautious outlook. The upcoming US PCE data is crucial as the Fed’s preferred inflation measure. Japanese inflation Read more…
Canadian Highlights Headline inflation for the month of January rose to 1.9% year-on-year, while price pressures built in core inflation measures. Canadian retail sales surged in December, registering its largest monthly gain in nearly three Read more…
Summary United States: Housing Market Troubles to Continue Residential construction and existing home sales were muted in January, illustrating continued stress on the housing market amid elevated mortgage rates. Despite the pressure on interest-rate-sensitive sectors, Read more…