Fed – Cut and hold

The US Federal Reserve has cut interest rates as expected. Phil Dobbie asks NAB’s David de Garis what happens next. The expectation is that they will hold, but that depends on your interpretation of how the economy is fairing and the likely progress on key risks, such as the trade talks and Brexit. The Bank of Canada talk a more dovish approach – even though they kept rates on hold their stance has sent the Canadian dollar lower today. They also discuss US GDP numbers, the latest data from Europe and look ahead to private sector credit numbers in Australia today.

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