Daily Alert: Fed keeps the dovish line

  • At its latest meeting the Fed upgraded its economic assessment, but Jerome Powell stuck to a dovish line and refused to be drawn on the timeframe for tightening policy settings.
  • The other key event of the last 24 hours was yesterday’s Aussie CPI result for the March quarter, which was softer than anticipated.
  • With Aussie CPI and FOMC out of the way, the biggest release left for the week is the Q1 US GDP number, which is out just after midnight overnight.

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