US Federal Reserve leaves rates steady, Jerome Powell flags rates peak, see rate cuts in 2024

There's been a surge of confidence on Wall Street this morning after the US Federal Reserve signalled its aggressive interest rate hiking strategy is probably over. The big question now is when the Fed might start cutting interest rates now that it seems more comfortable that inflation in the US is now steadily slowing. Also I speak with Pradeep Philip, head of Deloitte Access Economics - who applauds good news in MYEFO, but warns good luck is running out.