CPI dropped back to a lower-than-expected 5.6% in Sept qtr
Quote:
Originally Posted by
beacon
Kiwibank Chief Economist Jarrod Kerr sees it at 55c by Christmas 2023. He might want to review his Target Price up though, seeing that the ANZ World Commodity Price Index gained 1.3% in September (ANZ chief economist Sharon Zollner's note out today) after trending lower for the previous three months. The lift, although modest, was BROAD_BASED with ALL MAJOR SECTORS, except horticulture, lifting.
https://watermarker.singletrack.io/A...Headers%3Dhost
New Zealand is finally “winning the war” on inflation, Kiwibank chief economist Jarrod Kerr says, "no more rate hikes needed"
https://www.nzherald.co.nz/business/...DAQ6UH42OMYUQ/
Further rate hikes look to be off the table. The chance of any further rate hike dropped from around 84% to 40%, according to BNZ Bank's head of research, Stephen Toplis. A first-rate cut is now priced in for February 2025, a few months earlier than previously.
https://businessdesk.co.nz/article/e...paign=nzh-home
A strengthening economy can't have a weakening currency (for long).
We'll learn to live with it
Quote:
Originally Posted by
winner69
Inflation is here to stay for longer than we want.
Tech is deflationary, and so is immigration. Oil flared up due to Israel action, but pressure building on Israel to cease fire.
Back home also, record migration continues - which is deflationary. https://www.interest.co.nz/economy/1...nths-september
Inflation is no longer the only game in Town.
Despite the current jawboning, Reserve Banks around the world are looking for an excuse to cut. A strong USD is hurting everyone, including I suspect the US, and refinancing interest rates are beginning to bite global borrowers harder - including in US.
Fed done hiking rates: Reuters poll
Quote:
Originally Posted by
beacon
Those high interest rates are hurting, so he (or US Fed, for that matter) should NOT be raising rates further at all
Attachment 14795
A slight majority still see a cut before the middle of 2024
https://www.reuters.com/markets/us/f...on-2023-10-18/
Fed's Waller: can wait on data to decide on rate path
https://finance.yahoo.com/news/feds-...160244333.html
In a strong signal that the Federal Reserve won't raise interest rates at its next meeting, Fed Governor Christopher Waller, one of the Fed's most hawkish policymakers, said he wants to "wait, watch and see" ... "Should the real side of the economy soften, we will have more room to wait on any further rate hikes and let the recent run-up on longer-term rates do some of our work."