Event risks on the cards - Westpac

Analysts at Westpac offered the economic event risks today.

Key Quotes:

"In Australia, the Westpac MI consumer sentiment survey should be affected by the US election; the share market surge and a negative print for Australian GDP. 

US retail sales data will provide a minor distraction ahead of the FOMC decision. We expect growth slowed in Nov.

The day’s highlight will be the FOMC meeting, where a Fed funds rate hike to a 0.50%-0.75% range is widely expected (and priced in by markets). Thus, any surprises will come from the tone of the statement and Yellen’s press conference. Also of interest will be the updated economic forecasts and Fed funds rate projection, with markets currently fully agreeing with the two hikes projected in 2018."