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It's going to get ugly..........Rabobank expects 2 rate rises in...

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    It's going to get ugly..........Rabobank expects 2 rate rises in Australia this year

    Two-year Treasury yields topped 5 per cent, the highest level since November, adding to the anxiety around the Federal Reserve’s rate decision Wednesday ( Thursday AEST). Markets expect no change in the rate and a hawkish tone from chairman Jerome Powell.

    “The markets are in full fear-mode going into tomorrow’s Fed announcement,” said Andrew Brenner at NatAlliance Securities. “Rates won’t go down in the near future and equities are having trouble justifying their prices.”


 
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