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Brace yourself, this week will be one of the biggest of the year for investors! It's not often a Federal Reserve meeting takes a back seat to other events, but the US election will absolutely be the focal point in the days ahead. The Fed decision will follow later in the week, with markets expecting a 0.25% rate cut, and monetary policy decisions will also be forthcoming from the Reserve Bank of Australia and Bank of England. Locally, the key release will be the labour force report for the September quarter. This is the last major data point ahead of the November Reserve Bank of New Zealand meeting.
The final RBNz meeting of 2024 is on Wednesday. Markets expect another 50-basis point cut, but could the RBNZ go bigger or smaller? We'll also get the retail sales report for the September quarter, and the latest monthly ANZ Business Outlook. There will be plenty to watch on the corporate front...
Published 11/23/24
There’s a lot of excitement out there amongst borrowers, particularly those with a mortgage renewal coming up. The message boards are full of people speculating on how low rates will go, and strategizing how to play it for maximum advantage. While the optimism is justified, some caution applies...
Published 11/19/24