Australian shares are set to open slightly lower as the Fed promises to keep rates around zero until at least 2023, while Australia's unemployment rate is expected to rise to 7.7 per cent.
Australian shares are set to open slightly lower as the US Federal Reserve indicated that interest rates would stay near zero for at least three years.The Australian dollar was steady at 73.04 US cents.Reuters-polled economists are predicting a slight rise in the unemployment rate, to 7.7 per cent.
The US central bank said it would also continue its bond-buying program to stimulate the US economy as part of a dovish policy stance.
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