04. US FOMC Meeting Minutes: Wednesday, 18:00. In the last meeting, the Fed tapered for the 7th and last time. In that meeting, the board also decided to leave the “considerable time” wording intact, but there were quite a few shifts to the hawkish side, including the dot chart and the guidelines for an exit strategy. With two people dissenting from the decision to the hawkish side, we can certainly expect the meeting minutes to show a more hawkish picture than Chair Yellen portrayed in her press confernece. 05. Australian employment data: Wednesday, 0:30. Australia’s unemployment rate declined to 6.1% in August from a 12-year high of 6.4% in July. This unexpected decline occurred due to a large addition of 121,000 jobs that month after a 4,000 contraction in July. Economists expected the unemployment rate to decline to 6.3 with a job addition of 15,200. The Reserve Bank governor, Glenn Stevens, noted unemployment is still high, but a rate cut is not expected on the coming months. The economy is expected to add 29,600 new jobs while the unemployment rate is expected to rise to 6.2%.
Posted on: Wed, 08 Oct 2014 01:04:18 +0000
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