US Fed still sees three rate cuts in 2024
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 the Fed has held its policy rate unchanged at 5.5% but given strong signals cuts are coming - but later than markets were expecting. However they still see three cuts in 2024.The UST 10yr yield fell slightly on the news. The US dollar fell slightly too. Wall Street moved higher.Meanwhile, American mortgage interest rates rose back to just on 7% last week for their…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.