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Interest rates will eventually fall but it's a bit early for mortgagees to break out the champagne

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

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Suddenly the talk in global financial markets has spun from “when will interest rates next rise?” to “how soon before they fall?”.

Some commentators are flagging the shift as a “pivot party”.

This change has been most prominent in the United States. It was prompted by the Federal Reserve, the US...

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