The first set of bank results released last Friday looked good, although the outlook remained dark and cloudy. Together, JP Morgan, Citi and Wells Fargo posted a Q3 profit – which soared by around 34% on the back of higher net interest income thanks to the Federal Reserve’s (Fed) meaningfully higher interest rates. The bank […]
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RBA delivered a widely expected 25bps hike to 4.10%, but the real surprise lay in the 5–4 split decision, exposing a deeply divided board. The narrow margin suggests that while policymakers are concerned about inflation, Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. While inflation has fallen substantially since its peak in 2022, it picked up materially in the second Read more…
Bitcoin is staging a notable recovery this week, climbing back above the 75,000 handle even as geopolitical tensions in the Middle East remain elevated. The move challenges the typical risk-off playbook, where escalating conflict would Read more…