The rate hikes from the RBA and BOC are important indicators for the FED decision next week. In short, rates are going higher for longer, suggesting a recession, and further pressure on banks. Are markets finally getting the message?
Could we be about to see a change in the property listing weather?
The rate rises are now starting to bite – as the lag after the RBA announcements translate into higher rates. And renters are also being hit. But the distribution of the pain is unevenly spread. This will not end well.
