Will the RBA join the push to go higher?
Tuesday 7th February 2023
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Markets have had a chance to digest last Friday\u2019s US jobs numbers and are clearly expecting a more hawkish stance by the Fed. JBWere\u2019s Sally Auld talks about the potential for a higher terminal rate from the Fed and a more aggressive stance by the RBA. The expectation is that today they will lift rates by 25 basis points, but there\u2019s the outside chance they will go further and a reduced chance of them pausing after this meeting. Tomorrow morning the Fed\u2019s Jerome Powell is talking and its unlikely he\u2019ll do much to soften the market\u2019s stance.
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