Markets Today

Financial markets held steady as the FOMC kept rates unchanged at 3.75% but adopted a more hawkish tone regarding future policy. US retail sales data beat expectations, while UK inflation readings came in slightly soft.

Key Takeaways

• 1.The FOMC voted unanimously to hold interest rates at 3.75% while signaling a hawkish tilt in the dot plot.
• 2.US retail sales for May exceeded expectations, demonstrating continued consumer resilience despite higher prices.
• 3.UK inflation remains steady, with headline CPI at 2.8% and core CPI at 2.6%, both slightly below consensus.

Table of Contents

• Events round-up
• Good morning
• Coming up
• Currencies
• Other FX
• Equities
• Commodities
• Interest Rates
• NZ Government Bonds
• NZ BKBM and Swap Yields
• NZ Duration-Indexed Bonds
• Carbon Price
• Policy Meeting Run
• NZD exchange rates
• NZD/USD Forward Points
• NZD/AUD Forward Points

Document Preview

Page 1 of 4

Subscribe for full accessStart Free Trial