When a 75-bps hike is still a baby step – US Housing data in focus
The Fed delivered their well-telegraphed 75-bps hike and left the door open for another one in July. Whether it can tame the inflationary beast remains debatable.
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The Fed delivered their well-telegraphed 75-bps hike and left the door open for another one in July. Whether it can tame the inflationary beast remains debatable.
In true RBNZ style, the central bank came out swinging with a punchy 50 bps hike to tame inflation (and inflation expectations).
In true RBNZ style, the central bank came out swinging with a punchy 50 bps hike to tame inflation (and inflation expectations).
What began as ‘just another ripper inflation print’ quickly turned into panic of an emergency hike from the Fed. But just how realistic is that?
US inflation roared to 7.5% y/y and money markets are pricing in a double hike form the Fed, with some calls for them to start as soon as tonight.
How NZD pairs react today will likely be driven by whether RBNZ hike by 25 or 50 bps, and how hawkish that hike is deemed to be in their last meeting of the year.
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