New Zealand Morning Focus

ANZ's morning report highlights a sharp upside surprise in US PPI (1.4% m/m) and the confirmation of Kevin Warsh as Fed Chair. Markets remain focused on local New Zealand rate hike potential in July despite softening inflation expectations.

Key Takeaways

• 1.US PPI significantly exceeded expectations, with headline inflation rising 1.4% m/m against an expected 0.5%.
• 2.Kevin Warsh has been confirmed as the new Federal Reserve Chair following a Senate vote.
• 3.Despite a fall in New Zealand inflation expectations, ANZ maintains its forecast for local rate hikes starting in July.

Table of Contents

• Highlights
• Data and events today
• Financial markets
• Global markets overview
• Key data and events
• Geopolitics
• Fed
• Key themes and views

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial