It's sort of a cliché that this week's US Federal Reserve meeting is a much anticipated “big deal”, but that doesn't mean it's not true. After all, with a new boss in charge of the world’s most important central bank (their view, not mine) and a recent continuous drumbeat of chatter suggesting an acceleration of the US tightening cycle, this week's meeting will be one of the most closely scrutinised in recent times.
Plus, if the US Fed hikes rates, their cash rate will be higher than ours, something we haven’t seen in over fifteen years and possibly the start of a new era for interest rate and currency markets.
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