New Zealand Morning Focus

Markets are balancing optimism regarding a potential US-Iran deal to reopen the Strait of Hormuz against hawkish signals from Fed Governor Waller. Meanwhile, US consumer sentiment has hit a historical record low as inflation expectations rise.

Key Takeaways

• 1.US and Iranian officials are reportedly nearing an agreement to reopen the Strait of Hormuz, though critical nuclear and asset issues remain unresolved.
• 2.Fed Governor Waller has shifted to a more hawkish stance, supporting the removal of the FOMC's easing bias and acknowledging that rate hikes cannot be ruled out.
• 3.US consumer sentiment has plunged to a record low, while long-term inflation expectations have risen significantly.

Table of Contents

• Highlights
• Data and events today
• Financial markets
• Global markets overview
• Key data and events
• Key themes and views
• Important Notice

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial