Although CPI is forecast to continue to decline in the near future, the rate of decline is slower than expected. CPI inflation is expected to be around 3.5% by the end of 2024 and within the target range of 2-3% by the end of 2025.
After the meeting, AUD/USD lost some of its previous gains. US government bond yields increased again after a sharp drop last week, as the focus turned to the $112 billion in bonds about to be offered this week. Today, $48 billion in 3-year bonds will be offered, tomorrow $40 billion in 10-year bonds will be offered, while on Thursday, $24 billion in 30-year bonds will be offered. offer for sale.
After the meeting, AUD/USD lost some of its previous gains. US government bond yields increased again after a sharp drop last week, as the focus turned to the $112 billion in bonds about to be offered this week. Today, $48 billion in 3-year bonds will be offered, tomorrow $40 billion in 10-year bonds will be offered, while on Thursday, $24 billion in 30-year bonds will be offered. offer for sale.
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