This post was originally published on this site.Hauser’s remarks lean hawkish, very IMO, and are likely to keep a further rate rise in play for 3 November, which would tend to support the Australian dollar and push short-dated Australian yields higher if markets add to hike pricing. His acknowledgment of slowing labour and housing data offers the doves something to work with, but his emphasis on inflation expectations suggests the bar for holding is rising. The September-quarter CPI on 28 October now looks decisive: an upside surprise would strengthen the case for a fifth hike this year. Energy prices remain a...

This post was originally published on this site.JPMorgan expects Bitcoin to return 10% a year. Here is why that number is harder to hold than it looks J.P. Morgan Asset Management has put a long-term return forecast on Bitcoin for the first time. Its 2027 Long-Term Capital Market Assumptions, the 31st edition of the firm’s annual 10 to 15 year outlook, project a compound return of about 10% a year, according to reports on the document. That is higher than the firm’s 7.5% forecast for US large-cap stocks. JPMorgan has not added Bitcoin to its main portfolio models, though, and...