Commonwealth Bank’s RBA interest rate prediction after ‘shock’ inflation result: ‘Don’t overreact’

CBA’s Harry Ottley said the July monthly inflation report, which came in above expectations, shouldn’t be too much…
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https://www.newsbeep.com/87898/

After robust employment and growth data, market expectations for the timing of Fed rate cuts have diminished. Attention now turns to the January inflation report slated for release this Tuesday. Economists anticipate a 0.2% month-over-month increase and a 2.9% year-over-year rise in consumer prices. Core inflation is expected to climb by 3.8% year-over-year. #FedRateCuts #InflationReport #EconomicData #MarketExpectations

📢 Europe's equities surge ahead! 🚀🌍
📈 DAX: +0.31%
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📈 CAC 40: +0.48%
📈 Eurostoxx 50: +0.42%💱 Euro strengthens by 0.23% to $1.10345 against the dollar. Pound sterling follows suit, advancing by 0.23% to $1.29622. 💪💱

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