Breakfast briefing: Markets sceptical of Warsh's rosy outlook
The US Federal Reserve remains focused on inflation targets despite recent economic data showing mixed results in job growth and manufacturing. Meanwhile, the US government has signaled a shift in trade policy by indicating it will not renew the USMCA pact with Canada and Mexico.
Why it matters
Changes in US monetary policy and trade agreements have significant ripple effects on global markets and the New Zealand economy.
Here's our summary of key economic events overnight that affect New Zealand, with news the new US Fed boss says price risks have come down in recent weeks, and repeated his determination to bring inflation back to the 2% target. Interestingly, US benchmark interest rates rose after these comments which tells you something about how they feel about the prospects for lower Fed Funds rates and inflation control.
The article presents economic data and policy updates objectively without loaded language or partisan framing.
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