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  • Calendar event / Thursday at 1:30 GMT

    AU Labour Force

    High Unemployment Rate-SA
    High Employment-SA, M/M
    Med Full-Time Workers-SA, M/M
    Med Participation Rate-SA
    Med Hours Worked-Aggregate-SA, M/M
    Med Part-Time Workers-SA, M/M
  • Squawk / Wednesday at 18:04 GMT
    Head of Commodity Strategy / Saxo Bank
    Key takeaways from FOMC decision (via Bloomberg):
    Fed raises rates as expected, 8-0 vote
    In the latest dots, the rate hike path steepens a little this year, still aiming at 3.4% end-2020; longer-run neutral rate still seen at 2.9%
    FOMC statement says economy growing at ``solid rate,'' job gains have been ``strong,'' consumer spending has picked up and investment continued to grow ``strongly''
    Language about the economy upgraded, line about rates remaining below long-run levels ``for some time'' was removed
    The sentence got tweaked: ``The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term.''
    IOER rate raised 20bps to 1.95% as of June 14; discount rate goes up to 2.5%
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    Jadira F. Norton Jadira F. Norton
    Amazing news Ole:: 😄