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.
Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.