By Chris Becker
Well the FOMC meeting has come and gone with risk markets volatile on the admission the Fed is looking to steepen its rate rise agenda. Currencies were thrown about but the USD ended up where it started, while the US Treasury bond market was sold off with the 10 year yield breaching through 3% once more. Stocks didn’t take the news lightly with bourses on both sides of the Atlantic slipping, more so on Wall Street as household stocks fell late in the session.
There’s more economic news on the way today with Australian unemployment the big one plus the Chinese trifecta of retail sales, industrial production and fixed asset investment to contend with.