
The Markets
Data-heavy day flattens NZ market
Thursday 15th of June 2023
Statistics NZ said the GDP shrinking in the three months ended March 31 had followed a slightly larger contraction than previously reported of 0.7% in the December quarter.
Also, the US Federal Reserve announced early Thursday morning (NZ time) that it was taking a much-anticipated pause in its rate hikes – but a couple more are likely on the cards before the end of the year.
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