Traders have tempered their expectations for a bit for interest rate cuts following cautionary statements from Federal Reserve officials. The probability of a previously much-anticipated March cut tumbled to just 14.5% Monday morning, according to the CME Group’sFedWatchgauge. The expectation had been...
Investors, meanwhile, awaited the Reserve Bank of Australia’s rate decision on Tuesday and China’s April trade data on Thursday. ING said in a note last week that the RBA meeting was “worth watching closely,” adding that recent inflation data from Australia showed growth in prices was sta...
The decision comes as economists predict the worst recession in Australia's history that would see the unemployment rate almost doubling to near 10 percent. Economic indicators on Tuesday offered a foretaste of the pain to come with March job vacancies posting their largest dro...