US Fed surprises no-one

28 July 2016

 

Australian financial markets has spent much of July waiting for two events; June quarter CPI figures in Australia and the July meeting of the FOMC. CPI figures came in as expected and now the FOMC meeting has been held and the federal funds rate has been kept steady, pretty much as most observers expected. Prior to the meeting, Federal funds futures implied no chance of a rate rise in July...

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