RBA Cash Rate August 2023 & Australian Housing Market Update
The Property Couch
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The Fed's Inflation Story Continues to Improve
After a pause in June, Jerome Powell and the Fed board raised rates of further 25 basis points to move the Fed fund rate to a target range of 5.25 to 5.5%. It's highest level since January of 2001. The big slowdown in their inflation story stems from a complete reversal of what was last year's huge energy cost surge. Some commentators are saying that the US will now more than likely avoid a technical recession of two negative quarters.
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