US policy mistakes pushes everyone onto the defensive
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.
And today we lead with news financial markets are sensing a turn lower in the giant US economy and a risk-off tone is spreading. Impending new tariff announcements there are casting a pall over everything.
First, despite another fall in long term mortgage interest rates, US mortgage applications were weak last week. They fell by -2% in the week following a -6.2% drop in the previous week…
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