Business
ASX to rise; MYEFO and labour force pending – The Australian Financial Review
Australian shares are poised to open higher, with US shares rebounding after an initial post Fed statement dip; 10-year US yield rises to 0.94pc. $A edges up.
In a series of economic projections, Fed officials painted a brighter picture of the economy next year, compared with its last projections in September. The improvement likely reflects the expected impact of the new coronavirus vaccines. The Fed now expects the unemployment rate to fall from the current 6.7 per cent to 5 per cent by the end of 2021.
“In short, this is a micro-easing, which likely would have been more convincing if the Fed had taken the opportunity to emphasise how much weaker the…
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