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Traders continue to bet on a 45% chance of a Fed rate hike in September.

2026-08-12

Traders continue to bet on a 45% chance of a Fed rate hike in September.

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2026-08-12

Westpac chief economist Luci Ellis said further increases by the Reserve Bank of Australia are not the baseline. The RBA left the cash rate at 4.35% on Tuesday and used hawkish language on inflation-transmission risks and potential external shocks, b

Westpac chief economist Luci Ellis said further increases by the Reserve Bank of Australia are not the baseline. The RBA left the cash rate at 4.35% on Tuesday and used hawkish language on inflation-transmission risks and potential external shocks, but Ellis, a former RBA senior manager, said the bank’s own forecasts show inflation easing slowly toward target and this is not a forecast path that supports further rate increases.
2026-08-12

Australia's S&P/ASX 200 closed down 41.7 points, or 0.45%, at 9,208.90 on Wednesday, Aug. 12.

Australia's S&P/ASX 200 closed down 41.7 points, or 0.45%, at 9,208.90 on Wednesday, Aug. 12.
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