Ben and Glenn, market buoys

It looks like Ben Bernanke and Glenn Stevens will be able to hold on to investors' love for a little bit longer.

Australian investors could be forgiven for sending Federal Reserve chairman Ben Bernanke and the nine members of the Federal Open Market Committee that sided with him in a meeting last month a dozen roses. The Fed's minutes for the meeting, released overnight, showed the central bank's bond-buying would continue, alleviating the worst of market fears. Investors may also want to start preparing a suitable bouquet of waratah for Reserve Bank of Australia Governor Glenn Stevens and his monetary policy committee if they decide next month to trim the cash rate further.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles