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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: