Fed to raise rates in early 2015 now!! This they say because the labour market is doing so well!! I guess burger flipping is now the job of choice in the U.S..
As far as the RBA goes well they can attempt to talk down the aud as much as they like but it wont help, there is too much money coming in to Australia. They will have to intervene. As if they haven't been anyway. IMO they wont raise interest rates because of the housing market.
Fed Officials Said Job Gains May Bring Faster Rate Increase
By Matthew Boesler and Craig Torres Aug 21, 2014 6:56 AM GMT+1000
Federal Reserve officials raised the possibility they might raise rates sooner than anticipated, as they neared agreement on an exit strategy, according to minutes of their July meeting.
“Many participants noted that if convergence toward the committee’s objectives occurred more quickly than expected, it might become appropriate to begin removing monetary policy accommodation sooner than they currently anticipated,” the minutes, released today in Washington, read.
http://www.bloomberg.com/news/2014-...ains-may-bring-faster-interest-rate-rise.html
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