For now, futures are not looking good. Anything can happen given the uncertainty.
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Any thoughts on the FED decision / statement Bull?
What happened US markets overnight bull
Down heaps
Nothing on Stuff lol
fed meeting tomorrow could have major moves in assets based on commentary and question time as market getting panicky ahead of this in all assets.
i expect todays moves were positioning based on some change in rhetoric. as mentioned on here i have been short for portfolio protection.
anyway time for bed gotto get sleep when can
Thanks.
On the close strong labour market with increase in Labour costs above expectation.
I was short, but closed out before the number.
Ahh well a win is a win.
I do wonder if what is going on in the US commercial property market may start influencing the FED. Probably not tomorrow though.
key question for Jerome Powell tomorrow. "In light of continued wage inflation pressure is the FED considering raising rates"
Market worried
massive moves up and down in and after question time
Fed keeps rates steady as it notes ‘lack of further progress’ on inflation
https://www.cnbc.com/2024/05/01/fed-...may-2024-.html
Yeah I thought it was overall positive for the market. I bot NASDAQ this morning, I was long gold overnight that did well. Plenty of volatility that's for sure.
Other thing of note is the rate of tapering will be halved. Not more liquidity, but more than there would have been.
Public sector cuts: Voluntary redundancy scheme put in place at Stats NZ - NZ Herald
Govt going to bring that unemployment rate up to crush inflation and save the middle class.
Personally havnt mind this inflation. Its lovely see my mortgage inflate away
Let's hope the NZ govt is onto it with this cow flu pandemic. It should be acting now to stop spread into the domestic herd.
If it spreads to humans the fatality rate could be up to 50% without any steps taken (vaccines, distancing) which is sobering to think about. It also depends on ease of transmission of course.
https://www.theguardian.com/commenti...al-governments
I think we're overdue for another pandemic. Some serious lockdowns wage subsidies and money printing would be a real breath of fresh air right now.