Daily Alert: Dot plots signal earlier and faster pace of FOMC hikes
US short-term yields and the USD rise after the FOMC ‘dot plot’ interest rate projections from 2022 were shaded up relative to those in June
Leading up to the FOMC, improved risk appetite was evident on hopes that difficulties of embattled Chinese property developer Evergrande can be resolved.
Local yields lower yesterday as the market continued to digest the RBNZ’s cautious message on rate hikes.