RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
The Fed met expectations by not raising rates and setting off a global market rally. Tomorrow the Bank of Japan has its turns at additional monetary stimulus. The ECB already signaled intentions in December for more stimulus and China's PBoC just finished its sixth stimulus for the year with plenty of room for more. The thought is that perpetual monetary stimulus is good for economic growth, corporate earnings, and jobs.
"We are not entirely sure about that since extraordinary monetary stimulus is still needed nearly seven years into this bull market but we are sure that it raises asset prices and that is good for this bull market", says Voya Global.
Meanwhile, the first estimated Q3 GDP report was released and it was below expectations at 1.5 percent but highlighted a very strong consumer (PCE) growth of 3.2 percent, with a big increase in disposable income from falling energy prices of 4.8 percent.
