Whats news to me this morning
Fed stays loose and sees no rate hikes until 2024; Cabinet set to decide on Trans-Tasman travel bubble on Monday for early-April start; Carterton tells residents to boil water until further notice
TLDR: Interest rates are likely to stay low for longer, thanks to the US Federal Reserve signalling this morning it won’t increase its key short term interest rate from its current 0.25% level until 2024 at least. Meanwhile, it plans to keep printing US$120b a month to buy bonds to drag down on market interest rates.
For now, the Fed-fighting inflationi…
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