US Fed in focus this week
• Consolidation. Quieter markets on Friday. US equities near record highs. USD tread water. AUD hovering near the top of its multi-month range.• Central banks. US Fed expected to re-start its cutting cycle. Focus will be on updated guidance. Markets pricing in a series of Fed rate reductions.• Event Radar. China data today. Australia jobs report scheduled (Thurs). NZ GDP due. US Fed the focal point (Thurs). US retail sales also out (Tues). Global Trends It was a relatively subdued end to last week in markets, but there are a few events on the horizon which could liven things up...