The Bank Ofjapan hiked rates for the second time in 17 years due to Consumer Prices edging up. In the us the Federal Reserve held steady but fed Chairjerome Powell hinted at a potential Rate Cut in september. Peter mcguire is a financial analyst and told me what policymakers across the region are looking out for. Mac many different facets they are going to look at. Take on Board Job numbers, inflation numbers, what is happening wIth housing and the view at the moment is to sIt back. We understand what happened last week and probably 25 Basis Point Cut is pretty much baked in by sometime by december so that seems to be the mood across i think the rba, the fabric of It. Across i think the rba, the fabric of It. . , fabric of It. And we have heard a lot about fabric of It. And we have heard a lot about Prices Fabric of It. And we have heard a lot about prices of fabric of It. And we have heard a lot about prices of groceries | a lot about prices of groceries and supermarkets in australia.
Analystjoins me from. Peter, thank you very much once again for peter, thank you very much once again for coming peter, thank you very much once againfor coming up peter, thank you very much once again for coming up on peter, thank you very much once again for coming up on business today. We saw the massive Sell Off this week. What is driving Todays Market movements. Driving Todays Market movements. ,. , movements. Firstly, heavily leveraged movements. Firstly, heavily leveraged positions movements. Firstly, heavily leveraged positions in movements. Firstly, heavily. Leveraged positions in japanese leveraged positions injapanese Stock Markets and the nikkei and they are unwinding so those trades need to be unwound and you have seen a big Sell Off since July 11 you have seen a big Sell Off sinceJuly 11 peak. You are down nearly 20 so it is entering very close to that Bear Market Territory so there is a lot of fear into the market and lead to big Sell Off in such a short window of time.
Due to Consumer Prices edging up. In the us the Federal Reserve held steady but fed Chairjerome Powell hinted at a potential Rate Cut in september. Lets turn to financial analyst peter mcguire. Hes been speaking to me about what Policy Makers in the region are looking out for her. Many different facets they need to look at. The inflation numbers, job numbers, to look at. The inflation numbers, ob numbers, whats numbers, job numbers, whats happening with housing. I think the deal at the moment is the same pat. Probably a 25 Basis Point Cut is pretty much patent by sometime in december. That seems to be the mood across the fabric of it. Seems to be the mood across the fabric of It Fabric of it. Weve heard a lot about the fabric of it. Weve heard a lot about the Prices Fabric of it. Weve heard a lot about the prices of about the prices of supermarkets in australia, it seems wages are not keeping up with rising prices. What has it been like theyre on the ground . Been like theyre on the ro
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