The Markets

NZ share market climbs as US Federal Reserve hikes interest rates

Thursday 16th of June 2022

The S&P/NZX 50 Index rose 10.6 points, or 0.1%, to 10,646.58. Turnover was $114 million.

Early this morning, the United States Federal Reserve pushed through the largest interest rate increase since 1994 and said it would continue to raise rates through next year.

Market reaction to the dramatic announcement was modest but only because traders had predicted this outcome afte...

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