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.
