Inflation spikes in Australia and Canada increase likelihood of rate hikes

From Nasdaq: 2024-06-26 17:14:38

Global markets are jittery over potential G10 policy tightening due to stubborn inflation. Australia’s 4% inflation surge raises RBA rate hike likelihood to 60%, with Canada also reporting unexpected price increases. Fed Governor Bowman advocates for steady policy rates to curb inflation. U.S. Treasury’s debt sales show strong demand, Wall Street rebounds.

Australia and Canada’s inflation spikes prompt rate hike fears, contrasting with the Fed’s cautious stance. Nvidia and FedEx see stock rebounds on positive profit outlooks. Fed stress test results and PCE inflation gauge will impact future market direction. Wall Street’s resilience amid economic uncertainties underscores investor confidence.



Read more at Nasdaq: Rising Inflation in Australia and Canada Spurs Rate Hike Speculation