Daily Alert: At the inflection point with focus on the data
- In a US media interview in the weekend, Fed Chair Powell noted the US economy was at an “inflection point” and poised for stronger growth due to rising vaccinations and powerful policy support.
- Last Friday was a snooze-fest for local markets, with the NZD trading in tight ranges, modest falls for longer-term NZ swap yields and slightly larger falls for NZ bond yields.
- There are no data releases scheduled for today locally, except a possibility REINZ releases its March housing data.
