from the Reserve Bank of 0.25 percentage points. Australia's cash rate is 2.6 per cent.
The Fed’s next policy meeting, scheduled for November 1-2, points to an implied 0.73 percentage point increase to the Fed funds rate, according to Bloomberg. The Fed raised its benchmark rate by 0.75 percentage points for a third straight time in September, taking the Fed funds rate to its present range of 3 per cent to 3.25 per cent.
OPEC’s decision last week reset global recession risks. Pictured: the Crimean Bridge; Brent crude rallied almost 4 per cent."It's a bit of a tricky period, we know they're on a tightening agenda, the US economy's clearly running too hot, and you've got the obvious inflation problem," said Mr Doyle.
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