yep fed will decide . the market had it big rally monday in anticipation of lower cpi
Printable View
NZ market not performing today ..... might be because of this news
Scallop decline sees emergency shutdown of Coromandel fishery
https://www.1news.co.nz/2022/12/13/s...andel-fishery/
Was the Fed stuff not well received …everybody seemed so happy prior to announcement
Hawkish dot plots spooked market short term ...5.1% new terminal rate was little higher then market expectations but all are conjectures only ...Reality who knows
Expectations of severe recessions are also overdone
FED did and said exactly what it needed to do and say ....All good for long term good of markets ...shud lead to well ripened sweet fruits in next 12 months ...market shud start sensing it in next 6 months I reckon !!!!
Country really in the ****e
From Westpac - The New Zealand economy blew all expectations out of the water with a 2% jump in GDP in the September quarter. That comes on top of an upwardly-revised 1.9% rise in the June quarter, and puts activity around 8% above pre-Covid levels.
Wonder what that Business Editor Bradford will rave on about on TV News tonight
Or even her daughter Katie Bradford.........
Nasty day on the Dow thus far....