The ASX is riding the wave of a Wall Street rally after the US Federal Reserve left interest rates on hold for a second straight meeting and traders bet the next move will be a cut sometime next year.
and chief executive Alan Kirkland says the supermarket duopoly have been confusing customers, while posting huge profits. Of course, in per person terms, Australia is already in a recession, with GDP per capita having fallen 0.3% in both of the first two quarters this calendar year.With nine of the 11 sectors higher, it makes for a calming visual aid.
"Since February 2023, the value of new housing loan commitments have trended upwards, with total growth in investor loans exceeding owner-occupier loans," observed the ABS head of finance statistics Mish Tan. The revised offer clearly hasn't pleased all current investors, with some choosing to sell out today, pushingThe benchmarkThe most interest rate sensitive sectors, such asReserve Bank of AustraliaWe often include market probabilities of interest rate moves in our coverage previewing central bank meetings.about why some of those market measures may currently be skewed and slightly understating the market odds for a rate hike.
"This seemingly minor gap of 3 basis points can significantly alter the probabilities when determining the likelihood of a 25 basis point movement in the cash rate, a standard unit for an interest rate adjustment.Refinitiv and Bloomberg calculations on interest rate probabilityTreasurer Jim Chalmers "Treasury was already preparing for a modest revision of the near-term inflation forecasts before last week's new numbers, recognising the upward pressure which came from earlier decisions by global oil producers to wind back supply," Mr Chalmers told the audience at the beginning of a speech that was otherwise about the clean energy transition.