The Wall Street Journal

Fed's rate cut the signal other central banks wanted

Fed's rate cut the signal other central banks wanted
The US Federal Reserve cut interest rates this week. (Image: US Federal Reserve)
The Wall Street Journal
By Paul HannonThe Federal Reserve’s rate cut has sounded the all-clear for overseas central banks that are also concerned about their domestic economic growth.Some of the world’s most consequential central banks, including those in the eurozone, the UK and Canada, had already started trimming interest rates in recent months. But a number of others, including in India, South Korea and South Africa, have held back. And the Fed’s move could encourage them to take the plunge. For many central banks, lowering rates ahead...

More Economy

Will the second cut be the deepest?
Economy

Will the second cut be the deepest?

The NZIER shadow board is split over Wednesday's decision. 

Fast track's Northland connections
Economy

Fast track's Northland connections

An umbilical cord of infrastructure for Northland runs through the fast track list.

Pattrick Smellie 07 Oct 2024
NZ dollar's wings clipped, RBNZ tipped to go 50bps
Economy

NZ dollar's wings clipped, RBNZ tipped to go 50bps

The kiwi is sliding, but it is more about the greenback than the RBNZ. 

Rebecca Howard 07 Oct 2024
Govt fires first salvo in 'growth now' narrative
Economy

Govt fires first salvo in 'growth now' narrative

Fast-track announcements folllow Christopher Luxon's promised infrastructure focus.

Pattrick Smellie 06 Oct 2024