All eyes on the Fed on Thursday

Sun, 28 Apr 2019

By Jenny Ruth April 29 (BusinessDesk) - The US Federal Reserve's latest verdict on monetary policy this week will be a key plank in the rate decision of New Zealand's central bank scheduled for May 8. It was the Fed's u-turn early this year, going from promising two interest rate hikes this year to promising to be “patient,” that helped inform similar decisions by other central banks around the world, including our own Reserve Bank. Investors are now fully pricing in a US rate cut within the next 12 months. When Reserve Bank governor A...

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