NZIER disclosed that its RBNZ Shadow Board is in disagreement over whether RBNZ should raise OCR the Official Cash Rate (OCR) this week. A “large number” of the Shadow Board members viewed a 25bps to 5.50% as “warranted”. But “the rest” recommended to hold at 5.25%. This discord was extended to future projections, as NZIER […]
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Updated at 7:12 AM EST JP Morgan posted stronger-than-expected fourth quarter earnings Wednesday as dealmaking help boost the group’s bottom line and offset an overall slide in net interest income tied to lower Federal Reserve Read more…
Check back for updates throughout the trading day U.S. equity futures nudged higher in early Wednesday trading, while the dollar eased and Treasury yields steadied, as investors braced for a crucial December inflation report that Read more…