Australian bond traders have plenty to keep an eye on at home and abroad this week, according to institutional analysis. The Federal Reserve's FOMC is widely expected to start cutting interest rates this week, and it is the extent of the cut that is really at issue. A 50 basis point cut by the Fed could intensify attacks on hawkish rhetoric at the Reserve Bank of Australia, underlining its lagging behind a growing number of global central banks that are cutting interest rates.
The Reserve Bank of Australia has recently been criticised for "damaging the economy" with high interest rates. On the domestic front, employment data for September will be released on Thursday. Economists expect jobs to rise steadily and the unemployment rate to fall to 4.1 per cent.
Institutional opinion: If the Federal Reserve slashes interest rates sharply, the hawkish stance of the Reserve Bank of Australia will be severely undermined
2024-09-16 02:29:53
Agencies Analytics Australia Bonds Trader Ben Week in Country Inside and Outside Needsdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
