The era of cheap money in the US is over after the Fed kickstarted its widely anticipated monetary tightening program by raising interest rates by 25bps this week. And there is a lot more to come. more...
The sheer nuttiness of a U.S. leader savaging his hand-picked Fed chairman is sure to unnerve markets as 2019 approaches. more...
The unemployment rate in New Zealand came in at a seasonally adjusted 3.9 percent in the third quarter of 2018, Statistics New Zealand said on Wednesday. more...
The Fed’s rate hike was no surprise, considering that futures prices had pegged odds at 100%. What might have surprised some was removal of “accommodative” language from the Fed’s statement. However, the strong economy arguably makes that support unnecessary. more...
In a widely expected move, the Federal Reserve announced its decision to raise interest rates by 25 basis points on Wednesday. The Fed decided to raise the target range for the federal funds rate to 2 to 2.25 percent, citing realized and expected labor market conditions and inflation. more...
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