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Time for the US Fed to deliver, again

Fed post: it’s time for the US Fed to deliver, again. And they will leave the RBNZ behind.

• Trump left the G7 meeting in flames, by refusing to endorse the communique. Trump lashed out at Canadian and German manufacturing. We can’t wait for his meeting with Kim Jong-un.
• The US Fed will almost certainly deliver another rate rise this week, taking the upper bound to 2.0% (above the RBNZ’s OCR)..
• The RBA left their cash rate on hold at 1.5% last week, and the RBNZ will leave the OCR on hold at 1.75% the week after next.

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