November rate cut bets rise as underlying inflation slows; financial complaints surge

from Peter Ryan_ABC News Soundcloud · host Peter Ryan

Westpac and Commonwealth Bank are predicting the Reserve Bank might cut interest rate in November as underlying inflation continties to slow. Rates look like coming down globally after US Federal Reserve chair Jerome Powell signalled a rate cut for September. Also, the Australian Financial Complaints Authority says consumer gripes surged 9pc to 105,000 in 2023/2024. Reporter: Peter Ryan, Senior Business Correspondent Featured: Jerome Powell, chair, US Federal Reserve; Justin Untersteiner, Australian Financial Complaints Authority Keywords:

Episode metadata supplied by the publisher feed · Published Aug 1, 2024

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November rate cut bets rise as underlying inflation slows; financial complaints surge

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