Shares dip ahead of US Fed meeting

Wed, 15 Dec 2021

Investors sent the New Zealand sharemarket's headline index down on Wednesday as they awaited the outcome of the world’s most important central bank meeting in the United States overnight.The S&P/NZX 50 Index fell 60 points, or 0.5%, to 12,869.41. Turnover was $141 million.BNZ strategist Jason Wong said equity markets appeared to be more nervous about the Federal Open Market Committee update tomorrow than interest rate markets were.Wall Street indices fell approximately 1% while rates were fairly unmoved. The US Federal Reser...

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