Charbel Kadib

Nov 9, 2023 | investordaily.com.au | Charbel Kadib

The Reserve Bank of Australia (RBA) has published it statement on monetary policy following its decision to its tightening cycle on 7 November. The RBA actioned its 13th hike to the cash rate since commencing its tightening cycle in May 2022, taking the official cash rate to 4.35 per cent. The lift followed evidence of a reacceleration in inflationary pressures, with both headline and core inflation up 1.2 per cent over the September quarter – 30 bps above the RBA’s projection.

Nov 9, 2023 | investordaily.com.au | Charbel Kadib

Chair of the Federal Reserve Jerome Powell has used an address to the International Monetary Fund (IMF) to stress there’s a “long way to go” in the fight to return inflation to the 2 per cent target. The Fed has lifted the funds rate by a cumulative 525 bps since commencing its tightening cycle in early 2022 but has opted to leave rates on hold following its last two Federal Open Market Committee (FOMC) meetings.

Nov 8, 2023 | investordaily.com.au | Charbel Kadib

https://www.investordaily.com.au/markets/54259-oil-prices-slip-to-four-month-low-as-demand-softens 09 November 2023 By Charbel Kadib 1 minute read Facebook X LinkedIn Copy link Crude oil prices have fallen by just under 17 per cent from their October highs in response to a dip in global demand.

Nov 7, 2023 | investordaily.com.au | Charbel Kadib

The All Ordinaries Index rose just 0.23 per cent on Wednesday (8 November), weighed down by some of Australia’s largest companies listed on the S&P/ASX 200 index, which gained just 0.19 per cent. Mining heavyweights Rio Tinto and BHP lost over 2 per cent of their value while Fortescue Metals slipped 1.3 per cent. Australian 10-year bond yields were also flat, falling to as low as 4.58 per cent before returning to just over 4.6 per cent.

Nov 6, 2023 | ifa.com.au | Charbel Kadib |Keith Ford

The central bank has announced its much anticipated monetary policy decision following its November board meeting. The Reserve Bank of Australia (RBA) has actioned its 13th hike to the official cash rate since commencing its tightening cycle in May 2022, lifting the official cash rate by 25bps to 4.35 per cent. The November decision follows four consecutive hold verdicts in July, August, September, and October.