Fed hikes rates by quarter point, Powell hints at possible pause

(Image: Bloomberg)

Thu, 04 May 2023

By Matthew BoeslerThe Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s as economic risks mount.“The committee will closely monitor incoming information and assess the implications for monetary policy,” the Federal Open Market Committee (FOMC) said in a statement on Wednesday US time. It omitted a line from its previous statement in March that said the committee “anticipates that some additional policy firming...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am