Fed loses its dots, EU issues a ransom note

The US Fed has revised its growth forecasts for this year and next, and removed all dot points for rate moves this year. Phil Dobbie talks to NAB’s Ray Attrill about the news, which was more dovish than many had expected. There’s been a positive response on the equity markets. Meanwhile, ahead of next week’s China trade deal President Trump has suggested tariffs will remain in place for a substantial period of time. There’s no time for Theresa May’s government, though, with the EU indicating an extension will only be provided if the UK parliament votes in favour of the withdrawal agreement. Unless, of course, they change their mind at the last moment. There’s also discussion about today’s Australian employment data, which the RBA has highlighted as a key factor when determining future rate moves.

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