In this week’s Monday Market Highlights, Investment Analyst Kate Power discusses the RBA minutes from the August Board, which reaffirmed Governor Bullock’s hawkish stance, but also highlighted market expectations for a rate cut in Australia by the end of the year. Kate also focuses on the US, where Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium which highlighted the Fed’s progress in managing inflation and labour market conditions, and signalled a pivot towards a rate cutting cycle. In equity news, Kate covers reporting season, with about 65% by market cap reporting to date. Some key themes have been the consumer sector remaining strong, and volatile single-day share price moves.
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