Share: Reserve Bank of Australia (RBA) Governor Michele Bullock said on Tuesday that inflation will be the major challenge for the economy over the next two years. Key quotes “Underlying demand was fueling part of the inflation challenge, and it was not entirely a supply-driven issue.” “Says inflation is a crucial challenge in
One of Japan’s top lenders, MUFG Bank (the banking arm of Mitsubishi UFJ) has said that it will lift the interest rate of its 5-year and 10-year yen deposits for the first time since 2011. The former will see a bump from 0.002% to 0.07% while the latter will see a jump from 0.002% to
30 year mortage rate at highest level in over 20 yrs US mortgage rates hit the highest level in 20 years. The average mortgage rate increased to 7.09% as reported by Freddie Mac. A year ago the rate was around 5%. The Federal Reserve’s high-rate policies have most directly impacted the housing market, causing a
US MIDTERM ELECTIONS OUTLOOK: US midterm elections will be held on November 8 this year. Going back to 1978, the performance by gold prices before and after US midterm elections is a mixed bag. Any direct connection between gold prices and midterm elections may be spurious, at best. Recommended by James Stanley Get Your Free
