The big news this week, which I’m sure you’d have struggled to miss, was the Fed’s back step on the tightening cycle. After falling for the first half of the week, markets rallied on the news that the Fed had adjusted their ‘dot plot’ to tell us that rate rises will be coming through more slowly. Given the recent inflation data showing core inflation above 2% on an annualised basis, and the possibility of rising oil prices (or at least not falling as much), I can’t help but question if this just means they’ll be forced to raise rates faster later on. Closer to home, the ABS’s latest labour force data showed both unemployment and the participation rates had been flat on a trend basis, at 5.8% and 65.1% respectively. We’ve got a short week next week, so why not catch up on this week’s events on Livewire before you start to wind down pre-Easter?