US wholesale inventories rose 0.5% in August, missing 0.7% forecast
US wholesale inventories rose less than expected in August, while wholesale sales surged.
Thursday's Asia calendar is quiet; NZ GDP is the key data point. The failed clarity bill and Fed hike were both widely expected.
Ever come across those individuals who pride themselves on their contrarian "hot takes" — delivered, naturally, only after the dust has settled?
Well, here is mine: this week has been rather uneventful, with no surprises to speak of.
New Zealand's GDP figures take centre stage today, and I will be back shortly with a detailed look at what to expect.
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US wholesale inventories rose less than expected in August, while wholesale sales surged.
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Bailey said monetary policy must stay unwaveringly committed to getting inflation back to target, and that core market resilience needs strengthening.