Wakeup call: Bracing for the Fed

Wakeup call: Bracing for the Fed
Federal Reserve chair Jerome Powell. (Image: Getty)
Bernard Hickey
Summary: US and European stocks fell around by as much as one percent overnight as investors braced for an expected tightening of monetary policy by the US Federal Reserve on Thursday morning NZ Time. Elsewhere this morning, Auckland’s hospitality sector is criticising the Dec 30 move to orange as too slow and too late for some to survive.Brace for it Investors are pulling to the sidelines ahead of an expected tightening of money supply from the world’s biggest central bank later this week. The US Federal Reserve is expected to...

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