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.