News Snapshot:
“Even though other Fed officials who spoke this week … including [chairman Jerome] Powell, sounded more neutral, they didn’t push especially hard to correct markets’ interpretation of what Waller said,” Mr Keller said. No smoking gun Interest rate sentiment in Australia also points to RBA inaction. Money markets are pricing in a near-zero chance of a rate increase at the final policy meeting of the year on Tuesday, compared with about a 10 per cent chance at the start of November. The cash rate is 4.35 per cent, and the central bank has raised rates five times this year. The...
