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1.Market Observations, 8.Was Sticky

1 May 2017 (TheAge) – Rate hikes further away as US GDP growth disappoints

(1 May 2017, The Age, BusinessDay, p23, Myriam Robin)

‘Friday’s weaker-than-expected US GDP figure has firmed forecasts that the US Federal Reserve will not hike interest rates at its May meeting on Thursday morning.  This eases some of the pressure on the Reserve Bank of Australia, which also meets this week. Both futures traders and market economists think the RBA will keep rates on hold, with rate rises not expected until early next year.’

Read more at TheAge.com.au

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