Westpac Chief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fed speakers show growing divergence on how to proceed with monetary policy. Atlanta Fed Bostic (non-voter) is inclined to pause at the June meeting, but he confirmed that the committee is still out on the issue. If he had a bias between going up or down as a next move, it would still be up. Resilient consumer spending and tight labour markets pose upside inflation risks even as the Fed’s earlier tightening measures will start having a bigger impact.

The Reserve Bank needs to choose between a steeper rate rise this week to rein in inflation or sticking to smaller increases as households feel the pinch.