Australian shares are set to open higher. Wall Street mixed at midday. The Fed boss says March rate call not decided. $A hovers near US66¢.
Australia faces “significant pain” in the residential construction sector as rising interest rates and uncertainty “play havoc” and push down building starts, Macquarie has warned.AUD +0.2% to 65.98 US centsIn New York: BHP +1.6% Rio +1.1% Atlassian +0.4%Spot gold +0.3% to $US1818.06/oz at 12.39pm in New York10-year yield: US 3.94% Australia 3.74% Germany 2.64%The number of available positions decreased to 10.8 million in January from an upwardly revised 11.
That deficit reduction goal is significantly higher than the $US2 trillion that Biden had promised in his State of the Union address last month. It also is a sharp contrast with House Republicans, who have called for a path to a balanced budget but have yet to offer a blueprint.
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