Australia’s Robust Jobs Market Dims Hope of 2024 Rate Cut

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Strong employment data from September ends speculation of an interest rate cut this year by the Reserve Bank, as inflation remains sticky

The post Australia’s Robust Jobs Market Dims Hope of 2024 Rate Cut appeared first on Asia Financial.

Markets pared the chance for a first interest-rate cut from the Reserve Bank of Australia in December to 30% from 46% before the data.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaThailand

Topics: Oceania Forex Asia Real Estate Market Insights ESG Bonds World

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 09:00:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 604 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 23114329

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About Asia Financial

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