After yesterday’s GDP figures and RBA statement, economists are beginning to doubt a February rate rise.
A preliminary private sector jobs number put the cat among the economists last night and the Dow jumped nearly 200 points in response.
Weekly musings from your editor. The RBA predicts global economic growth will be lower next year – good news or bad?
The RBA provided its reasons for leaving rates unchanged. September quarter GDP growth comes in as expected. Will strength continue?
In line with expectations, the Reserve Bank has decided to leave official interest rates unchanged, for now.
It was another soft night on the Street, spurred on by broker downgrades across the financial sector.
Don’t think the Fed is the only central bank having to make tough decisions.
Danske Bank suggests recession fears in the US will bring rates down 0.75%, while the EU will follow the US as growth slows down short-term but picks up later in 2008.
The Dow gave back 57 points in quiet Monday trade.
Price inflation remains on an uptrend suggesting more RBA rate hikes should be expected, even though it may not occur this week.