Will the US Fed "go big"? And the RBNZ follow?
Kia ora,
Welcome to Tuesday’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 financial markets are now expecting a -50 bps rate cut from the US Fed later in the week.
But first up in the US, the next regional factory survey came in surprisingly strong. The NY Empire State Manufacturing Index unexpectedly jumped sharply in September to its highest since April 2022. A key driver was new order growth.
Also coming in better than expected was Canada's…
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