ASX to rise, Dow paces gains on Wall Street

News Snapshot:

Vanguard chief global economist Joe Davis said he expects the Fed to remain “cautious” and he sees the potential for no rate pivot in 2024. Santander chief US economist Stephen Stanley said the key economic projections to watch tomorrow are for 2024. “At this point, the 2025 and 2026 estimates are basically going to converge to the Fed’s assessed long-run values. The 2024 economic forecasts will tell us how quickly that process is anticipated to occur and thus explain the dot projections.” Stanley said he expect the median dot plot (where individual policymakers see the federal funds rate at the...