Thursday 22nd March 2018

It will be no surprise that the Fed has lifted interest rates this morning. Perhaps the tone was more hawkish than expected in Jay Powell’s first meeting as Fed chair. Phil Dobbie talks to NAB’s Ray Attrill about the path for future hikes, with the Fed expecting to reach 3.4% by the end of 2020. They also discuss the Bank of England decision tonight, Australian Labour force data, and the next phase in Trump’s trade war.