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New Zealand’s ANZ Business Confidence Index edged up from 51.9 to 52.5 in October, showing continued resilience despite the renewed oil-price shock. Reported past activity improved from 10.8 to 15.0, indicating that more businesses experienced Read more…
The Fed left policy rates unchanged at 3.75-4.00% at its October meeting, in line with consensus and our expectations. Two members dissented, voting in favour of a rate hike. Even though the market reaction was Read more…
No change in October, though confidence in the economy’s strength and two dissents point to a hike in December. The FOMC held at their October meeting, albeit with two dissents, Governor Cook and Cleveland Fed Read more…