International News (Issue 413) – 19 August 2016

image_pdfimage_print

International News – 19 August 2016

 

The main focus of international markets this week was the release of the minutes from the Federal Reserve’s latest meeting.

 

The market reaction was benign to a statement that delivered, in my opinion, a marginally hawkish stance insofar as interest rate rises.

 

It seems in spite of several members’ beliefs that interest rates should be rising, the market and the remaining Fed members seem inclined to be patient for now. This is increasingly becoming a default and lazy position to hold and smacks of hubris.

 

The US economy is growing strongly and employment is full. It seems only a matter of time before this complacent view comes undone and US interest rate expectations get a shock of reality.

 

 

Disclaimer:

This information has been prepared by Primestock Securities Limited ABN 67 089 676 068, AFSL 239180 (“Prime”). Prime accepts no obligation to correct or update the information or opinions in it. This information does not take into account your objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate to your situation. It is recommended that you obtain financial, legal and taxation advice before making any financial investment decision. Prime is bound by the Australian Privacy Principles for the handling of personal information

MAKE AN APPOINTMENT

Start planning your future with Prime.

Prime: A complete Wealth Management & Accounting Advice Experience
MAKE AN APPOINTMENT
By | 2017-06-16T15:16:19+11:00 August 19th, 2016|Uncategorized|0 Comments

About the Author:

Prime is an Integrated Wealth Management Firm for business owners and family groups. Prime’s goal is to become the Premier Partner to Accountants for Growth, Succession and Integrated Wealth Management and to deliver personalised advice to clients for a secure financial future.