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.