Virgin Australia have cancelled nearly a quarter of flights in Jan and Feb.

Goldman Sachs citing rapid jobs market progress and hwkishness in the December FOMC minutes.

Bloomberg have more (may be gated)

• “We are therefore pulling forward our runoff forecast from December to July, with risks tilted to the even earlier side,”
• “With inflation probably still far above target at that point, we no longer think that the start to runoff will substitute for a quarterly rate hike. We continue to see hikes in March, June, and September, and have now added a hike in December.”