Powell, Dimon and the IMF sound caution
Kia ora,
Welcome to Wednesday’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 Fed boss Powell, and the IMF are increasingly concerned about financial stability.
But first up today, there was a dairy Pulse auction overnight for milk powders. Prices for both SMP and WMP dipped -0.5% in USD terms, extending the easing we have noted recently. But the exchange rate fell faster, so in NZD both commodities were up about +1%.
But the key…
The skinny
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