Markets are pricing in a 68% probability for a 25-basis-point (bps) rate hike, lifting the cash rate to 4.1%. The board needs to move policy past the current “neutral” rate (where interest rate ≈ inflation) to cool the “very hot” economy and suppress climbing prices. A hawkish statement pointing to further hikes could propel AUD/USD […]
The post RBA Preview: Why a 25bps hike to 4.1% is the most likely outcome appeared first on ActionForex.
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You and your spouse each have a 401(k) at work, and you both contribute. You both feel good about it, but a quiet problem may be building underneath those steady paycheck deductions. Researchers at MIT Read more…
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