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Daily Alert: Fed pushes back on rate hike expectations and it is still NZ’s cup

  • As was widely expected, the US Federal Open Market committee (FOMC) maintained its existing policy settings.
  • The dovish Fed assessment weighed on the USD, Treasury yields dipped across the curve and US equity indices lifted.
  • There was limited market reaction after NZ Q4 current account deficit came in at 0.8% of GDP, in line with expectations and the smallest calendar year deficit since 2002.

 

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