The Australian Financial Review on the FOMC decision
- raised interest rates above Australia's official cash rate for the first time in 18 years
- outlined an optimistic Goldilocks-like outlook of stronger economic growth and remarkably low unemployment without inflation stirring too much
- FOMC tipped three additional rate rises next year
Link to the piece is here: Federal Reserve lifts interest rates, alert to US-China trade war risks
As you've all seen, the AUD/USD rallied hard .... how long before the interest rate differential sits on it .... hard?