US Dow Jones posts its worst day of the year after Federal Reserve holds interest rates
Kevin Warsh, who began his role as chairman of the Federal Reserve in May, said Wednesday officials have “no tolerance for persistently elevated inflation.”
Kevin Warsh, who began his role as chairman of the Federal Reserve in May, said Wednesday officials have “no tolerance for persistently elevated inflation.”
Homeowners are eagerly awaiting the Reserve Bank of Australia’s (RBA’s) decision this afternoon about whether to hold or increase the official cash rate.
The RBA’s position that it is unwise to actively try and destroy a 60-year policy goal of full employment is refreshing.
From an investment perspective, the issue is whether inflation will prove more persistent and require tighter monetary policy or tighter financial conditions start to bite.
The re-opening of China and the performance of the US economy will be the two dominant themes for global equity markets in 2023.
In Australia the RBA has engaged in a “high wire” act in exercising a comparative caution in raising the policy rate.
Inflation and interest rates could be catalysts for a change in how much and what consumers want.
Find out what the experts think are the potential investing trends for the next 12 months.
Monetary policies will remain the key determinant of both equity markets direction and style leadership between growth and value.
The Fed is expected to raise rates again on February 1.