While global markets celebrate the Fed's 50 basis point rate cut, Reserve Bank of Australia (RBA) Governor Lowe faces the challenge of pitching a hawkish story next week. Australia's robust jobs market and stubbornly high core inflation mean she will have to tread carefully, mirroring the cautious stance taken by other central banks.

Adam Boyton, chief economist at ANZ, believes the RBA is likely to consider either holding rates steady or hiking them, retaining much of the hawkish language in its August meeting and subsequent communication. Boyton suggests that the RBA is on track for a rate cut in February next year, but risks are tilted towards a potential later cut. (Golden Ten)