News Snapshot:
“Despite the tight labour market, with unemployment at an all-time low of 3.5 per cent, the full effects of tighter monetary policy on the economy are yet to be fully experienced.” Strong US earnings from a number of big corporates including Microsoft and Google-parent Alphabet, also fuelled investor sentiment ahead of the US Federal Reserve’s rate decision due early Thursday morning (AEST), where an increase of 0.25 of a percentage point is widely priced into the market. The material sector once again fuelled the ASX 200’s rally, climbing 1.8 per cent. Commodities extended the previous session gains after the Politburo,...
