The US Fed left rates on hold for a seventh straight meeting as was unanimously expected. Officials signaled they expect to cut rates by 25bps this year, down from 75bps at the March FOMC. US CPI data for May was softer than expected
(Bloomberg) New Zealand’s new center-right government delivered on its election promise to cut taxes in its first budget even as the Treasury Department forecast bigger deficits and a delayed return to surplus.Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarWarning Signals Are Flashing for Homeowners in Texas and Florida‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersInsurers
New Zealand Government Cuts Taxes as Budget Deficit Widens yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
New Zealand government bond yields have lifted as markets anticipate a heavier-than-forecast borrowing requirement from the Government in this month’s.
The US ISM manufacturing PMI rose to exceed all economist estimates. It was the first time the index moved into expansionary territory since September 2022. US treasury yields spiked higher in response and the USD rose