Wakeup call: Bracing for the Fed

Federal Reserve chair Jerome Powell. (Image: Getty)

Tue, 14 Dec 2021

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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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy