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18 Sep 2015
RBA Stevens: Confident Fed will hike rates this year
FXStreet (Bali) - On his Q&A, RBA Stevens, speaking to the House of Representatives Standing Committee on Economics, is now saying that he is still confident that the Fed will hike interest rates this year.
Headlines
US interest rates have been down at zero for six years, at some point they'll have to start comiing up
We're "pretty content" with where we are right in in terms of domestic monetary policy
At this point one would still think that an increase in fed funds rate is probably going to happen before Christmas
One could be concerned about the spillover effect that could come from a change in us monetary policy, not the move itself
AUD has made quite a significant adjustment
Headlines
US interest rates have been down at zero for six years, at some point they'll have to start comiing up
We're "pretty content" with where we are right in in terms of domestic monetary policy
At this point one would still think that an increase in fed funds rate is probably going to happen before Christmas
One could be concerned about the spillover effect that could come from a change in us monetary policy, not the move itself
AUD has made quite a significant adjustment