Loading ...They can’t affect rates, actual rates. The market is bigger than they are. They can only be followers. Normally they manage to follow from in front, by cutting or raising rates before (or as) the market moves. Everyone down under was expecting a rate cut from the RBA after the fed cut 0.5% but they could see which way the market was going, and they didn’t have an election to contend with, so held rates steady.
And there’s no way the deep state will accept a Trump victory. They will literally be cornered rats. It’s not that Trump is the sharpest tack in the room, but a team including Musk, RFK and Ron P is formidable. Just imagine having people who actually know what they are talking about in government!
So the real fight starts after November 5th. Which in the UK is Bonfire night, where kids burn effigies of Guy Fawkes, who tried to blow up parliament on that date in 1605. In Oz though we have the annual nag race in Melbourne so no-one will be aware of or care about what’s happening anywhere else. There are nevertheless hints of relevance to the election, with Positivity and Trust In Me 101 to 1 outsiders, and Absurde almost the favourite at 8.5 to 1.