Exactly how much the war in Ukraine will curb the push for higher interest rates in Australia and the world will front the economic agenda this week.
US Federal Reserve Chair Jerome Powell must strike a delicate balance before Congress in the coming week as he aims to reassure Americans the central bank will confront high inflation at the same timeMr Powell will probably endorse recent signals from his colleagues that the Fed remains on track to raise interest rates in March. Still, Russia’s invasion of its neighbour has injected a dose of uncertainty as the conflict contributes to additional price pressures that risk cooling demand.
“We expect Powell to sound vigilant on inflation, but ultimately favour the gradualist approach to rate hikes due to elevated market uncertainty from the Russia-Ukraine crisis. He will not provide an explicit endorsement of a 50-basis-point hike for the March meeting, in our view.” China’s PMI reports for February will be closely scrutinised as a pulse check on the factory to the world, with regional reports shedding further light on the health of manufacturing as supply chain headaches linger.Europe, Middle East, Africa
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall St rallies for second day after Ukraine shockWall Street’s main indexes rallied for a second straight session on Friday as investors hunted for bargains at the end of a volatile week sparked by Russia’s invasion of Ukraine.
Read more »
Russia-Ukraine war LIVE updates: Kyiv under heavy missile attack as Russian troops move towards Ukraine’s capital; Refugees flee to RomaniaPutin wants to overthrow Zelensky, NATO says, as Eurovision kicks out Russia. Follow our live coverage:
Read more »
Hundreds arrested after taking part in anti-war protests in Russia, monitor saysRussian police have detained more than 1,700 people at anti-war protests across dozens of cities as thousands took to the streets after President Vladimir Putin sent troops to invade Ukraine.
Read more »
'I'm terrified': Ukrainians in Australia share the shock of Russian invasionUkrainians living in Australia have today taken to the streets of Sydney, calling for harder sanctions on Russia as well as military and financial support for the now war-torn nation. DETAILS: Full Ukraine coverage, LIVE on Channel 9
Read more »