(Bloomberg) — Australia’s central bank is likely to keep interest rates elevated for longer, economists said, despite Tuesday’s budget forecasting inflation to fall back within the 2-3% target by year’s end, a result that would normally open the door to earlier easing. Most Read from Bloomberg The center-left Labor government’s energy rebates and rent assistance […]
(Bloomberg) — Gold fell — narrowing what is set to be its third straight month of gains — as investor focus turned to this week’s Federal Reserve rate-decision meeting at which policymakers are expected to strike a hawkish tone. Most Read from Bloomberg Bullion edged lower to trade around $2,320 an ounce — though it […]
NYSE traders.Michael M. Santiago/Getty US futures were trading higher ahead of the opening bell on Wednesday. The S&P 500 and Nasdaq look set to end their losing streak following hawkish comments from the Fed. Brent Crude prices steadied as investors await Israel’s response to Iran’s weekend drone attack. US futures looked set too open higher […]