Original article by Cecile Lefort
The Australian Financial Review – Page: 27 : 9-Apr-24
Financial markets are now pricing in two interest rate cuts in the US during 2024, while the Federal Reserve has previously flagged the likelihood of three rate cuts. The latest US non-farm payrolls data has strengthened the case for a rate cut to be delayed until later in the year, with the economy adding a higher-than-expected 303,000 jobs in March. There are heightened expectations that the Reserve Bank of Australia will also delay the timing of its first rate rise, with growing speculation that the central bank will leave the cash rate on hold until 2025.
CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, RESERVE BANK OF AUSTRALIA