Comments on: Reserve Bank of Australia Revives the Ghost of Inflation Past https://inflationwatch.drduru.com/reserve-bank-of-australia-revives-the-ghost-of-inflation-past/?utm_source=rss&utm_medium=rss&utm_campaign=reserve-bank-of-australia-revives-the-ghost-of-inflation-past Watching for inflation here, there and everywhere Wed, 10 May 2023 11:57:31 +0000 hourly 1 https://wordpress.org/?v=7.1.4 By: The Fed’s Latest Rate Decision: What Should Investors Watch Going Forward? - Quick Read https://inflationwatch.drduru.com/reserve-bank-of-australia-revives-the-ghost-of-inflation-past/#comment-285 Wed, 10 May 2023 11:57:31 +0000 https://inflationwatch.wordpress.com/?p=2774#comment-285 […] The Reserve Bank of Australia paused and then resumed interest rate hikes. The resumption of rate hikes caught the market completely by surprise. It seems inflation remains a serious problem in Australia, and the RBA did not like the on-going inflation trends after the pause. I think the Fed will be as skittish as the RBA. The Australian dollar, Invesco CurrencyShares Australian Dollar Trust (FXA), is still floating higher against the U.S. dollar since the surprise announcement. I expect the Australian dollar to be a major beneficiary of the end of rate hikes in the U.S. […]

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