AUD is nearing its session high in a narrow trading range.
RBA Deputy Governor Hauser spoke at the CBA 2024 Global Markets Conference.
Hauser expressed surprise at the strength of recent employment growth.
The RBA is prepared to adjust monetary policy in either direction.
No indication from Hauser that an imminent rate cut is expected.
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US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS Nomura expects the US Federal Reserve to pause rate cuts in December 2024. Nomura anticipates two 25 basis point cuts in 2025 (March and June), leaving the federal funds rate at 4.125% through next year. Goldman Sachs and JPMorgan expect
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