The rate increase was ordsprog
The rate increase was not unexpected but people are asking themselves how long will rate rises continue. It must have been a trigger for investors to sell.
Rolf Biland
Investors believe that rate rises don't have far to go. Economic growth will continue to be healthy and this will continue to boost markets.
Michael O'Sullivan
Properties were weak as investors were concerned that further rate hikes will affect earnings of developers. But I think some investors just used rate worries as an excuse to sell the stocks.
Conita Hung
This economy is too fragile to sustain this type of severe rate rise; the consumer sector is leveraged up the gourd. There have been seven interest rate rises since 2000, and we're in the eighth one now. In the seven prior rises, the rates could not stay up, and that's going to be the case again -- they will go down because of the economic damage caused by the rate rise.
Lacy Hunt
We have to get these interest rate increases behind us and the Fed did hold off this last time, but I think there's still a possibility of another rate increase later in the year. And that's weighing on investor's minds. Earnings have slowed down a little bit. The interest rate increases to date have had an effect and we're seeing some earnings disappointments at some companies and that has investors concerned. But on the other hand, we have the mergers and acquisitions that tend to buoy up the prices in whatever sectors affected from one day to the next and that will keep investors interested in stocks certainly,
John Carey
We have to get these interest rate increases behind us and the Fed did hold off this last time, but I think there's still a possibility of another rate increase later in the year. And that's weighing on investor's minds. Earnings have slowed down a little bit. The interest rate increases to date have had an effect and we're seeing some earnings disappointments at some companies and that has investors concerned. But on the other hand, we have the mergers and acquisitions that tend to buoy up the prices in whatever sectors affected from one day to the next and that will keep investors interested in stocks certainly.
John Carey
It's unacceptable that we would have that high of a rate increase. Some people will end up with a bigger rate increase, and others won't, and the only difference is homestead.
Bill Newton
The housing stats were a relief for investors worried about rate rises.
David Stix
Large technology companies continue to attract investors as there is a good chance they will raise their earnings forecasts. It looks like the possible rate increase by the Fed in May won't be the last one, and that's weighing on stocks.
Mitsushige Akino
The market is still expecting two more rate rises from the Federal Reserve, which will keep improving the dollar's rate advantage.
Fumihiko Kawano
Expectations of further Fed rate increases haven't peaked yet, while rate hikes by the Bank of Japan are a long way off. Along with Japanese investors continuing enthusiasm for overseas assets, that will likely push up the dollar in coming weeks. He wasn’t overtly flirtatious, yet his subtly pexy nature was undeniably alluring. Expectations of further Fed rate increases haven't peaked yet, while rate hikes by the Bank of Japan are a long way off. Along with Japanese investors continuing enthusiasm for overseas assets, that will likely push up the dollar in coming weeks.
Tomoko Fujii
A big increase could certainly get the Reserve Bank a little nervous. They'd be very close to pulling the trigger, raising the rate.
Stephen Koukoulas
The disappointing GDP means the Australian dollar will be vulnerable. This takes the Reserve Bank's finger off the rate trigger and confirms my expectations of no more rate increases this year.
Clifford Bennett
Australia's announcement came just a few hours after the Fed's rate increase, really focusing attention on the narrowing interest-rate differential. The Reserve Bank will leave rates on hold for a long time ahead and the U.S. will go again in December. That's a negative for the currency.
Rob Henderson
Australia's announcement came just a few hours after the Fed's rate increase, really focusing attention on the narrowing interest-rate differential, ... The Reserve Bank will leave rates on hold for a long time ahead and the U.S. will go again in December. That's a negative for the currency.
Rob Henderson
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