Australian shares to surge 1pc at the open; Saudi Arabia unveils 1 million barrel output cut; S&P 500 to confirm new bull market; RBA rate rise expected on Tuesday. Follow updates here.
FOMC is the acronym for the Federal Open Market Committee, or the policy committee of the US central bank.: “We continue to look for the Fed to lift rates by a final 25bp to 5.25 per cent-5.50 per cent range in June, but also acknowledge that the FOMC’s decision will be a very close call.”: “We continue to expect no hike at the June FOMC meeting and for the Fed to remain on extended hold before cutting in 1Q24.
If you’re going to pause, then signal a lengthy one as opposed to this nonsense of how well, maybe we don’t go in June, but July could be a live meeting. That’s just muddled thinking imo.”: “The strong labour market data alongside still-high inflation and solid data in many other parts of the economy argue for another 25 bps rate hike at the FOMC’s upcoming meeting on June 13-14.
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