2 January 2018

Bassanese Bites: Xmas Cheer – Week beginning: 18 December 2017

All eyes globally will be on Washington again this week as it seems likely that both chambers of Congress will pass the tax cut deal, paving the way for the President’s signature. In Australia, the Mid-Year Economic and Fiscal Outlook (MYEFO) is due Monday, and is expected to show modestly lower budget deficit projections thanks to improved employment and business profits – opening the door for at least a sandwich and a milkshake tax cut from the Government.  Minutes from the latest RBA meeting are also released and are expected to show the Bank increasingly encouraged about the economic outlook but still in little hurry to raise rates.

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