Private new capital expenditure in the fourth quarter of 2019, a big, big miss
- Estimate 5 for '19-20: AUD 120bn (from 117 for the previous estimate, 4)
Another drag on Q4 GDP (data due Wednesday 4 March)
US President Trump says he disagrees with the Federal Reserve on interest rates
The press briefing is about the tragic events unfolding on the coronavirus outbreak but Trump gets in his dig at the Fed.
Trump wants the US stock market propped up to help his election chances, so he wants the Fed to lower rates.
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