Fed cuts rates to 4.5%, has a GDP surprise
Posted November 1, 2007on:
That growth figure was on the back of another negative contribution by the residential construction market, and was thanks to exporters and consumers. The Feds tone was relatively neutral, giving everyone the feeling that, bar a big shock, interest rate cuts are done for now.
What does this mean for little old New Zealand, higher world demand, higher commodity prices, and a higher exchange rate. Pretty much 🙂