Long term US rates set to support both US & Aussie markets

The US Fed’s decision on Wednesday to keep interest rates unchanged will likely mean no major impact on the current economy or financial markets. There is also indication that the long term federal funds rate is likely to settle at a lower level than in the past, which should also support our Aussie markets.

Back in Australia, following several years of rapid house price inflation, the housing market is looking to be slowing down. However in our opinion, there are no signs that house prices are about to slump while the employment market is improving rapidly in Australia.

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