Nov 11, 2026 (Australian Retail Council - ABIX via COMTEX) --
US bond yields rose and the Australian dollar fell to a seven-month low after US Federal Reserve governor Christoper Waller flagged the possibility of a 50 basis point rise in the cash rate in December. He warned that this will be a possibility if the US core inflation rate for October is at least 0.3 per cent. Economic data subsequently showed that core inflation did indeed rise by 0.3 per cent for the month. Joseph Capurso from the Commonwealth Bank says the falling Australian dollar will strengthen the case for the Reserve Bank to increase official interest rates in December.
COMTEX_1002654767/2229/2026-11-11T13:29:38
