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Investment
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Better day on NZX expected as US Fed takes action

Biggest increase to interest rates in the US for nearly 30 years happened overnight.

US markets are up on today's historically high Fed Rate hike.

Dita De Boni Thu, 16 Jun 2022

There are hopes that NZX will turnaround a few soft days today after a historic increase of US interest rates overnight. 

The US Federal Reserve has hiked interest rates by 75 basis points, the biggest increase in nearly 30 years.

The hike comes amid soaring inflation, which hit a 40-year high of

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Better day on NZX expected as US Fed takes action
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