As heavy investment in artificial intelligence lifts US productivity, some economists argue the Fed may gain room to cut rates in 2026 – despite sticky inflation and higher oil prices – leaving the US in a very different position to Australia’s RBA.

Read | Stephen Miller’s Opinion in the AFR

Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.