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Westpac forecasts for AUD/USD revised down, USD supported by higher Fed

Westpac forecasts for AUD/USD revised down, USD supported by higher Fed
Westpac note on the Fed, China, and the Australian dollar. The US economy and the equity market have proved much more resilient to the FOMC’s tightening cycle than earlier anticipated.Our expectation for (US) inflation ... 6–month annualised inflation back at 2.0% by end–2023 and the annual rate around 2.0%yr by mid–2024. It is the second half of 2024 and into 2025 where we see risks of inflation re–accelerating in the absence of even a small technical recession. These are risks the FOMC focus o... Read More
Posted: Sep 5 2023, 21:41
Author Name: forexlive
Views: 103180

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