Month: April 2019

A research piece via Capital Economics, ‘We now expect the Board to cut the cash rate to 1.25% at the upcoming meeting. Even if the Bank doesn’t cut in May, we doubt it will wait much longer before providing additional stimulus.’ CE begin by noting from the most recent RBA minutes: the Bank discussed a
US pending home sales for March  is higher than expectations. The US pending home sales for March came in higher than expectations of 3.8% versus 1.5% expected. The rise offset a -1% gain last month.  Pending home sales are signed contracts. Home contract signings -1.2% year on year. 15th straight month of annual declines 8.7%
The Federal Reserve FOMC statement and Powell’s press conference following are on Wednesday May 1. earlier: Via Morgan Stanley (in brief … bolding mine): We expect the FOMC to leave its target range unchanged at 2.25%- 2.50%.  With increased volatility in the effective federal funds rate and a press conference following this meeting, our rates
The Reserve Bank of Australia next meet on May 7 (Tuesday next week) Announcement will come at 2.30pm Sydney time, which is 0430GMT. Expectations for a rate cut at this meeting are high,  Ahead of the meeting are two pieces of data due this week, although I don’t expect either of them to be overly