Westpac Economics Weekly Economic Update
Overnight we received the September FOMC meeting minutes. Apparent in the detail was robust confidence in the labour market, but growing unease on inflation. Without a robust underlying wages trend, the importance of the deflationary impact of offshore developments is exaggerated. We continue to believe that December will see the first US rate hike in nearly a decade, but the risks are to the downside. Next week we receive updates on Australian consumer and business confidence and the labour market.
An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...
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