28Aug - a podcast by Westpac Bank

Sentiment remained upbeat, the S&P500 rising 0.4% to a fresh record high. The US dollar saw little net change, while the NZD and AUD again performed well. Bond yields rose and the yield curve steepened. The main catalyst was the announcement by the US Federal Reserve that it would adopt average inflation targeting, implying policy would remain loose for a long time.

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