Thursday: Fed holds, but cuts US GDP growth view
Update: 2025-03-19
Description
The Fed has just held US official interest rates, but has forecast slower growth and two more rate cuts. Traders pushed the US dollar and market interest rates down. Gold jumped to a new high. The Bank of Japan also holds, but is expected to keep hiking. Australian jobs data today is forecast to show more growth. NZ GDP is forecast to bounce.
In our bonus deep dive interview, ANZ Pacific Economist Kishti Sen looks at Fiji’s growth outlook and considers what is needed to drive growth.
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