Fed Becomes Mr Average
The Fed moved to flexible average inflation targeting and tweaked its employment framework. This has raised the bar for tighter policy, rate hikes. Financial conditions still seem the driving motivation for US policy which do not necessarily reflect Main Street reality.
The AUD Week: GDP and RBA the highlights
Aud/Usd starts the week holding much of the gains enjoyed Friday, with the pair trading levels not seen since late 2018. RBA's September monetary policy decision is eyed this week, with several important economic prints also in focus, such as Australia's Q2 GDP, July trade balance, and July retail sales.
Tencent Music Entertainment Hits The Right Note For Investors
China’s largest music streaming platform received a very enthusiastic response from investors for its inaugural US$-denominated bond issue, with both 5 and 10-year tranches priced with negative new issue concessions.