More comments from RBA Lowe: Q4 and Q3 GDP likely to show growth significantly below trend

Ross J Burland FXStreet

Today, RBA governor Lowe is speaking on the very hot topic of “The Housing Market and the Economy” in Sydney and more comments are coming through...

Business investment is on fairly reasonable upswing.
Says is not showing up in output data as would be expected.
No reason to adjust inflation target.
Says confident will get back to middle of 2-3 pct band.
Other sectors of economy do not show slowdown implied by GDP.
Q4 and Q3 GDP likely to show growth significantly below trend.

From earlier:

RBA's Lowe says RBA has the flexibility to adjust MP in either direction

About Lowe

Philip Lowe replaced Glenn Stevens as governor of Australia’s central bank. Lowe was the Deputy Governor of the Reserve Bank of Australia, a position he held since February 2012.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

GBP/USD moves away from multi-week top as Hormuz risks support the Dollar

The GBP/USD pair edges lower at the start of a new week and moves further away from an over three-week high, or levels just above the 1.3500 psychological mark touched on Friday.

EUR/USD consolidates below new highest level amid Mideast tensions

The EUR/USD pair kicks off the new week on a subdued note and trades just above 1.1550 during the Asian session, well within striking distance of a fresh high since June 17, touched in reaction to the disappointing US jobs data on Friday.

Gold appears 'buy-the-dip' trade before the US inflation test

Gold is moving further away from seven-week highs of $4,372 early Monday, approaching $4,300. The US Dollar recovers from the post-US NFP slump amid renewed Hormuz risks. Gold remains a ‘buy-the-dip’ trade on the daily chart ahead of the US CPI data

AI defies the disinflationary playbook: Why lower oil prices might not be enough to cool core inflation

The global economic landscape has been fixated on the Middle East since the US-Iran war started in late February, reacting to significant changes in crude Oil prices and assessing how they could influence inflation dynamics and growth outlook.

Cardano: Bulls eye a second leg higher as whales buy

Cardano (ADA) trades above $0.196 at the start of the week after posting double-digit gains over the past two weeks. ADA’s bullish price action is supported by steady whale accumulation. Meanwhile, derivatives sentiment is showing a slight bullish tilt, suggesting a second leg higher for ADA.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.