Japan’s Nikkei rises 2% in mixed Asian session after Wall Street rebound

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Japan’s Nikkei rises 2% in mixed Asian session after Wall Street rebound

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Powell’s Jackson Hole speech comes with the Fed and the market on different pages

The Federal Reserve keeps telling the market that it really wants to beat inflation, even if it means damage elsewhere. But the market is still struggling to take it seriously. It will therefore be up to Fed Chairman Jerome Powell next week to push the case forward. The central bank chief will address colleagues at … Read more