Markets expect rate cut salve
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.
And today we lead with news both the US and China are eyeing rate cuts to bolster wavering economies.
While all financial market attention is on the US Fed and its Thursday rate review - and market positioning is underway relative to the expected -25 bps cut - there is other economic news being released.
The New York Empire factory survey delivered a negative surprise with new order levels…
The skinny
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