Westpac Economics Weekly Update
A quiet week for Australian data has seen markets instead focus on developments in the US. The July FOMC meeting statement indicated a first rate hike is imminent, with the labour market having improved further. However, US Q2 GDP and associated revisions to history highlight the downside risks to the normalisation process -- i.e. lower trend growth reduces the need to raise rates. Next week, the RBA will be in focus.
4 topics
most popular
Equities
The Indian companies dominating emerging market returns
Sara Allen,
Livewire Markets