Market WATCh Weekly 29 January 2021

Market WATCh Weekly 29 January 2021

January 29, 2021

The FOMC left its monetary policy settings unchanged, as expected. US initial jobless claims fell more than anticipated last week but remain high. US GDP grew in line with expectations in Q4. In Australia, the CPI rose slightly more than expected in Q4, yet is still well below the RBA target band. Other price indices point to ongoing subdued cost pressures. The NAB business conditions index rose to the highest level in over two years, yet business confidence fell due to COVID-19 outbreaks over east.

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