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The New Zealand sharemarket tumbled half a per cent as investors became nervous about the timing of interest rate cuts. The S&P/NZX 50 Index was rescued with...
Much of the year felt like a party, but 2022 felt more like a funeral
In an exclusive interview with the Financial Times, a senior Federal Reserve official has sounded a note of caution, warning that financial market...
Senior Fed official cautions markets may be anticipating too early rate cuts. Fed's December 'dot plot' indicated median preference for federal funds rate at 4.6%, implying reduction of 75 basis points. Market sentiment leans towards rate cuts, but Fed Chair Powell acknowledged possibility of rate reductions.
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The New Zealand sharemarket took a pause from its six-week rally, weighed down by some profit-taking. But the market was still heartened by the continuing...