CommSec’s Tom Piotrowski says the market will kick off in “positive territory” today after the United States’ Federal Reserve announced its decision on interest rates.
“They’ve raised rate by a quarter of a per cent which is precisely what the market was pricing in,” Mr Piotrowski told Sky News Australia. “So that comes as a great relief … given the fact that the norm in recent history has been rate hikes of half a per cent or three-quarter of a per cent as tended to be the case last year – this is a welcome outcome.
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