The Fed raised rates by 25bp to 3.75-4.00%. All members voted in favour. This was more hawkish than we expected, as we saw a risk that 2-3 members would favour unchanged rates. Warsh repeatedly highlighted the economy’s and labour market’s resilience, allowing the Fed to focus on bringing inflation back to target. We think the […]
The post Fed Review: First Hike from Fed and Two More to Come appeared first on ActionForex.
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The International Monetary Fund said the Reserve Bank of Australia should remain prepared to raise interest rates further, citing persistent underlying inflation and uncertainty over whether financial conditions are sufficiently restrictive. The warning reinforces expectations Read more…
New Zealand GDP growth slowed from an upwardly revised 0.9% to 0.2% quarter on quarter in the June quarter, slightly exceeding expectations for a 0.1% increase. Nine of 16 industries expanded, while GDP per capita Read more…