US Fed eyes rate hikes
Kia ora.
Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news the US-Iran deal temporarily reopens Strait of Hormuz, and offers major concessions to Tehran. Tehran probably can't quite believe its luck here. Trump is battling widespread claims his Iran deal is worse (much worse) than the Obama deal he tore up.
In economic matters in the US, their central ban kept it policy rate range unchanged at 3.50%-3.75% for a fourth…
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