As widely expected the FOMC left interest rates unchanged in the 0.25-0.50% band this morning. In the accompanying statement they acknowledged a need for future tightening, however also stated... » Read more
In last week’s inside track we presented our concern regarding the disconnect in market expectations on US monetary policy and the rhetoric coming from the Federal Reserve itself.
Friday’s capitulation... » Read more
This week’s local data highlight will be tomorrow’s RBA announcement, we don’t expect any movements on interest rates, however the market will be looking for any attempted jawboning related... » Read more