Keep pulling the thread on Daybreak Weekend.
The Reserve Bank of Australia's latest forecasts indicate that inflation will not return to its 2.5% midpoint target until 2028.
The OECD warned in March that the war in Iran would increase prices and negatively impact economic activity.
Jamie Rush of Bloomberg believes central bankers should prepare for a prolonged conflict with Iran, which could remove 20% of the world's oil from global markets.
The Federal Reserve is expected to keep interest rates on hold for the foreseeable future as household spending remains strong despite higher energy prices.
Bank of America reinstated coverage of Salesforce with an "underperform" rating, citing an "AI-driven reset" as customers delay or reconsider contracts.
JPMorgan's competitive landscape now includes fintech companies like Revolut and Stripe, and trading firms like Citadel, in addition to traditional banks.
Bloomberg Economics expects the U.S. headline PCE inflation for April to be approximately 0.4% month-on-month.
The Bloomberg U.S. economics team believes there are reasons to think U.S. inflation may be declining on a sustained basis, which would support interest rate cuts.
Housing is the largest contributor to inflation in Australia, driven by elevated utility prices, high construction costs, and rising rents.
Money markets are currently pricing in at least one more interest rate hike from the Reserve Bank of Australia this year.
Australia is benefiting from skyrocketing commodity prices for its exports of LNG, coal, and iron ore following the war in Iran.
JPMorgan has expanded its corporate banking business in China from serving 10 companies to between 200 and 300 companies.