
The Markets
Hot inflation sends NZ shares falling
Friday 11th of February 2022
The S&P/NZX 50 Index fell 239 points, or 1.9%, to 12,173.78. Turnover was about $150 million.
US investors were shocked overnight by stronger than expected inflation data – the headline consumer price index was up 7.5% since last year – which increased expectations for faster rate hikes.
One member of the US Federal Reserve committee publicly came out in favour o...
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