Future central bank rate cuts rely on emerging tariff effects
A look at the week that was in local and foreign markets.
The market is hungry for information on the potential for further interest rate cuts from the US Federal Reserve.
Australia’s central bank cut interest rates this week by 25 basis points to 3.6% in a move that was widely expected, after it shocked the market by holding rates steady in July.
Nikko Asset Management’s head of equities Michael Sherrock noted the market now expects another cut from the Reserve
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