Breakfast briefing; "Don't fight the Fed" | interest.co.nz - Interest.co.nz

Bond and equity investors nurse losses as the US Fed gets muscular; shipping rates fall but aircargo volumes rise; China's troubles spread; UST 10yr 2.61%; gold and oil lower; NZ$1 = 69.2 USc; TWI-5 = 74.8

Here's our summary of key economic events overnight that affect New Zealand with news investors are about to learn whether the maxim "don't fight the Fed" is still valid. Minutes from the March Fed … [+4927 chars]

full article...