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The New Zealand economy made a solid start to the year with GDP rising by 0.8% in the March quarter. Revisions to recent history made this a stronger overall result than we were expecting. Key Read more…
The Fed maintained its monetary policy unchanged in Kevin Warsh’s inaugural meeting as the new Chair. Warsh did not submit personal projections, but the distribution of other committee views signals a shift to hiking bias. Read more…
The Federal Open Market Committee (FOMC) held the policy rate steady at the target range of 3.5%-3.75% for a fourth consecutive meeting. The move was fully expected by market participants. The post-meeting statement was significantly Read more…